Very proud of us all who have kept it going. We've gotten into a nice groove now. We looked at the labour theory of value, and how all commodities are commensurable by measuring the labour time. We saw that money is a commodity (gold) used to measure value. We learned that surplus value isn't generated by trade, because that would cancel out over the economy. We saw that surplus value comes from the variation between the value of the food etc. required to MAKE a day's labour, and the value of the work done in that day. We have learned the general formula of capital, and how capital differs from money. Not only am I proud of you, Stalin would be proud of you.
Let's use this shared activity as an excuse to also build camaraderie by thinking out loud in the comments.
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 8½ or 9 hours to catch up to where the group is.
Archives: Week 1 – Week 2 – Week 3 – Week 4
Week 5, Jan 29-Feb 4, we are reading Volume 1, Chapter 9, and from Chapter 10 we are reading section 1 'The Limits of the Working Day', PLUS section 2 'The Greed for Surplus-Labour', PLUS section 3 'Branches of English Industry without Legal Limits to Exploitation'
In other words, aim to get to the heading '4. Day Work and Night Work. The Shift System' by Sunday
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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Harvey's guide to reading it: https://www.davidharvey.org/media/Intro_A_Companion_to_Marxs_Capital.pdf
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A University of Warwick guide to reading it: https://warwick.ac.uk/fac/arts/english/currentstudents/postgraduate/masters/modules/worldlitworldsystems/hotr.marxs_capital.untilp72.pdf
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Reading Capital with Comrades: A Liberation School podcast series - https://www.liberationschool.org/reading-capital-with-comrades-podcast/
Critiques of Karl Marx's "Das Kapital" vary widely, and opinions vary as to what specific errors in reasoning or flaws in argumentation are present. However, some common criticisms include the following:
Labor Theory of Value: One of the central pillars of Marx's analysis is the labor theory of value, which argues that the value of a commodity is determined by the amount of socially necessary labor time required to produce it. Critics argue that this theory is flawed because it does not take into account other factors that contribute to a commodity's value, such as scarcity, utility, or subjective preferences.
Historical Materialism: Marx's theory of historical materialism suggests that social and economic development follows a predetermined pattern of class struggle, culminating in communism. Critics argue that this deterministic approach oversimplifies complex historical processes and ignores other factors, such as ideology, culture, and individual agency.
Dialectical Materialism: Marx's dialectical materialism framework argues that societal change occurs through the conflict between opposing forces (thesis vs. antithesis), resulting in a synthesis that advances society. Critics argue that this framework is overly simplistic and fails to consider the multifaceted nature of social change.
Centralized Planning: Marx's vision for a communist society involves a centralized planning system to organize economic activities. Critics argue that such a system is prone to inefficiencies, lacks the incentives for innovation and productivity, and can potentially become authoritarian.
Alienation and Exploitation: Marx contends that capitalism inevitably alienates workers from their labor and leads to exploitation by the bourgeoisie. Critics argue that this analysis overlooks the potential benefits and self-fulfillment that can arise from work and fails to account for the improvements in working conditions, living standards, and worker rights that have been achieved within capitalist systems.
It is important to note that these are not universally accepted criticisms, and scholars have engaged in extensive debates over the validity and relevance of Marx's ideas throughout history.
Tfw all the criticisms of Marx written after Marx's death were deconstructed and debunked by Marx in his book but no one reads it