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submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

Wow this is going great. The hard part is over, and now we have hit a stride. We have learned Karl Marx's theory of money, and of trade. We have learned what capital is and how it differs from money.

If you've made it this far, you've done the hardest part. Several people noticed it is getting easy and fun now. All the same, don't let up til we reach our destination.

Please be chatty in the comments. Let us know you're here.

The overall plan is to read Volumes 1, 2, and 3 in one year. (Volume IV, often published under the title Theories of Surplus Value, will not be included in this particular reading club, but comrades are encouraged to do other solo and collaborative reading.) This bookclub will repeat yearly. The three volumes in a year works out to about 6½ pages a day for a year, 46⅔ pages a week.

I'll post the readings at the start of each week and @mention anybody interested. Let me know if you want to be added or removed.


Just joining us? It'll take you about seven hours to catch up to where the group is.

Archives: Week 1Week 2Week 3


Week 4, Jan 22-28, we are reading Volume 1, Chapter 6, Chapter 7, and Chapter 8


Discuss the week's reading in the comments.


Use any translation/edition you like. Marxists.org has the Moore and Aveling translation in various file formats including epub and PDF: https://www.marxists.org/archive/marx/works/1867-c1/

Ben Fowkes translation, PDF: http://libgen.is/book/index.php?md5=9C4A100BD61BB2DB9BE26773E4DBC5D

AernaLingus says: I noticed that the linked copy of the Fowkes translation doesn't have bookmarks, so I took the liberty of adding them myself. You can either download my version with the bookmarks added, or if you're a bit paranoid (can't blame ya) and don't mind some light command line work you can use the same simple script that I did with my formatted plaintext bookmarks to take the PDF from libgen and add the bookmarks yourself.


Resources

(These are not expected reading, these are here to help you if you so choose)

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[-] [email protected] 3 points 1 year ago* (last edited 1 year ago)

I never thought about this aspect of labor from like the view of preserving value, I always thought in a way when strikes happen for example, or like a crises, it was more like, capitalists being mad at the loss of future profits. not so much like that preservation of value side of stuff as well as like the profit stuff

He is unable to add new labour, to create new value, without at the same time preserving old values, and this, because the labour he adds must be of a specific useful kind; and he cannot do work of a useful kind, without employing products as the means of production of a new product, and thereby transferring their value to the new product. The property therefore which labour-power in action, living labour, possesses of preserving value, at the same time that it adds it, is a gift of Nature which costs the labourer nothing, but which is very advantageous to the capitalist inasmuch as it preserves the existing value of his capital. [4] So long as trade is good, the capitalist is too much absorbed in money-grubbing to take notice of this gratuitous gift of labour. A violent interruption of the labour-process by a crisis, makes him sensitively aware of it

[-] [email protected] 3 points 1 year ago

rather like the foolish virgin who admitted that she had had a child, but only a very little one'.

I thought Crowley was being funny when he wrote in the early 20th century that "Even the smallest baby is incompatible with the virginity of its mother", but I guess it was a stock phrase going around.

[-] [email protected] 3 points 1 year ago

The same holds good for every kind of refuse resulting from a labour process, where that refuse cannot be further employed as a means in the production of new and independent use-values. Such an employment of refuse can be seen in the large machine-building factories at Manchester, where mountains of iron turnings are carted away to the foundry in the evening, only to re-appear the next morning in the workshops as solid masses of iron.

lol, yeah we have a word for that now Granpa, we call that "recycling"

[-] [email protected] 3 points 1 year ago

"The activity of labour-power, therefore, not only reproduces its own value, but produces value over and above this. This surplus-value is the difference between the value of the product and the value of the elements consumed in the formation of the product, in other words the means of production and the labour-power."

Marxism in a nutshell

[-] [email protected] 2 points 1 year ago

Our capitalist stares in astonishment

What's it gotta be this time eh?

Edit: oh no...

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