Constant & Variable Capital | Chapter 8

This video covers Chapter 8 "Fixed Capital and Circulating Capital", where Marx establishes constant and circulating capital.

pages summarized: 10

[ComradeDylan]

I've wanted to read Das Kaptial for awhile now but it seemed so daunting. These chapter by chapter guides have really helped me in reading this book - Thank you so much!

[OneDirectionV]

excellent explanation and humouristic too which makes understanding this concept a lot easier. My teacher only said: constant capital is the money invested in means of production and he didn't explain the reason for the name which to me is hugely important to better memorise concepts. thanks :D

[WTAWWR]

There isn't one example of full automation. You are correct, my friend. Maybe in the future, AI will be self-sustained. Who knows?

[rationalism_communism]

wtf 2:30 will give you a heart attack
please take that noise away please.

[umata]

Cool video series!
there are a lot of transactions on the stock market now done entirely by bots, so its not unlikely that there could be many such saturated AI marketplaces where algorithms trade with each-other and produce capital

[WTAWWR]

Shouldn't capital cost the same as the final price? The raw and final products are equally useful in my opinion, albeit of different qualities. This would -unfortunately- deincentivize capital hoarding.

[johan_r]

YouTube could probably be a completely automated business, at least for a year. YouTube's only job is to connect a viewer with a video, and an advertiser with a viewer. Both are automated with an algorithm. (Don't know the full details, but a YouTube strike wouldn't do much).
After a while maybe YouTube could be hacked, because the cyber security isn't upgraded by developers, but I don't think that should count. After all, that would be done with malicious intend.

[saswatabiswas]

In this era of high automation both are complementary and vice versa .human labour also cant produce value without machine, Example is everywhere No labour can refute constant capital for their livelihood .It's oversimplification by Marx emerged from wrong understanding about human necessity and society LTV already got refuted in past and no longer considered as explanation of value except some pesudo omniscient marxists

[chrismayhew]

Debate this? if someone finds one they find one….verify yes, debate no.

[Pglarsen]

3:02 If one man makes pencils, he scarcely makes 1 a day, with a machine he can makes 1000s. Human labor is important, but Marx looks at it weirdly... and wrong. Thanks for good videos.