Understanding Marx's Capital Volume 1 Chapter 24 - Transformation of SurplusValue into Capital (3-5)

Karl Marx's Capital Volume 1
Part 7 - The Process of Accumulation of Capital
Chapter 24 - Transformation of Surplus-Value into Capital
Sections 3, Seperation of Surplus-Value into Capital and Revenue + Section 4, Circumstances that Determine the Amount of Accumulation + Section 5, The So Called Labour Fund
This video is a look at Sections 3, 4 and 5 of Chapter 24 of Marx's Capital Volume 1, Transformation of Surplus-Value into Capital. Marx begins by examining the historical social attitudes of the capitalist class and their consumption of luxury goods and their reinvestment of capital back in to production, while also examining the technical aspects of what determines the amount of surplus-value that is accumulated. In the final section he attacks the notion of a fixed 'labour fund.'
0:00 - Transformation of Surplus Value into Capital
0:09 - Section 3 Seperation into Capital and Revenue
1:36 - The Abstinence Theory
2:25 - Good Vs Bad Capitalists
4:21 - Necessity of Wealth Exhibition
6:30 - Section 4 Circumstances that Determined Accumulation
6:56 - 1 Degree of Exploitation of Labour
7:26 - Calculating the Minimum Wage
8:43 - The Supplying of Subsistence
9:58 - Proportions of Constant and Variable Capital
11:07 - 2 Productivity of Social Labour
12:45 - 3 Proportions of Capital Deployed and Consumed
13:50 - 4 The Magnitude of Capital Advanced
14:31 - Conclusion to the Division of Luxury and Investment
15:51 - Section 5 The So Called Labour Fund
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A full online copy of Marx's Capital Volume 1 can be found here: www.marxists.org/archive/marx...
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[@adiyoul4217]

Awesome work as always comrade, don't let the low views discourage you, this series is really helpful and informative especially for beginners, keep it up!

[@adheep399]

Keep doing this 👍🏽👍🏽

[@wales2815]

love your poster! Where did you get it?

[@socialistquickfix]

Are you going to be doing any more of these comrade? They're great videos.

[@Megaritz]

Woah, harsh words for Bentham. He probably had it coming though. For what it's worth, I know some based utilitarian leftists.

[@brian78045]

Marx's Foundational Tautology
Marx writes (Chapter 24, first paragraph, Capital, 1867), "Hitherto we have investigated how surplus-value emanates from capital; we have now to see how capital arises from surplus-value."
See the tautology? How did this tautology get past the initial reviews? How did this tautology survive the intervening 157 years without being discovered, except for this political scientist? This again illustrates the magnitude of the Marxist co-option of our institutions.
Let's analyze the sentence's tautology...
Surplus value is generated by capital, but capital is created by surplus value!

[@DissidentTheory]

does the marxist co-option of our institutions explain your inability to have basic reading comprehension?

[@brian78045]

@@DissidentTheory says, "does the marxist co-option of our institutions explain your inability to have basic reading comprehension?"
As is common with Marxists, they refuse to answer to the contradictions within Marx's systems, because there is no answer, Marx's materialist philosophy being a jerry-rigged fraud, created in order to implement Marx's 1843 directive for the "abolition of religion", and the destruction of those civilizations "whose spiritual aroma is religion"...
Critique of Hegel’s Philosophy of Right, Karl Marx (1843)
"The struggle against religion is, therefore, indirectly the struggle against that world whose spiritual aroma is religion."
...and...
"The abolition of religion as the illusory happiness of the people is required for their real happiness. The demand to give up the illusion about its condition is the demand to give up a condition which needs illusions."
...and...
"It is, therefore, the task of history, once the other-world of truth has vanished, to establish the truth of this world."
Now you know what Marxists are referring to when they utter the phrase, "The Struggle"...
"The struggle against religion is, therefore, indirectly the struggle against that world whose spiritual aroma is religion."