Fundamentals of Marx: The Commodity

This is the first video in a series that will explore basic concepts of Marxian theory and Marx's critique of capitalism.

Background Music:

[db]

Dont wisper, I feel like I am learning some deep secrets haha

[fotppd]

Understanding Marxism better is a real gift for me. Thank you.

[daithibailey]

Watching this in bed while my wife is asleep.. the whispering level of your voice only adds to the clandestine nature of the situation... I'm learning about the fundamentals of Marxist thought, and she's none the wiser 🤫

[hitashasharma]

THIS WAS GREAT!
I am sad that you have only 4 videos on Fundamentals of Marxism. Please please make some more!

[kafka]

L O V E THIS holy shit ive never had marxism explained like this im falling in love it makes so much sense and i understand now why so many people feel the way they do after reading marx. like i never felt that way from reading it bc i couldnt make it through and dont have the focus for that but this is fantastic. and videos like this will make it possible to actually read the texts too

[paritoshikasingh]

Thank you for making these videos. Thank you for starting this channel. You have no idea how helpful this is. And of course, how extremely relevant.

[jessicacabanilla]

YOU'RE AMAZING HELPED ME SO MUCH!!!

[syedajamal]

Thank you very much for this. I've been reading and learning Marx the past few days and this video was great to learn along with it

[BearDrivingACar]

Didn't expect to get a nice dose of asmr while learning about marxism lol

[JanieBee]

Thank you for your service to the community, comrade

[respobabs]

you should redo the audio, too whispery

[SN-xkrl]

average socially necessary labor time in the abstract isn't actually as esoteric as it is presented here. It was esoteric before Marx, but thanks to Marx, as presented here, has penetrated the ideological fog and clearly lays out the features of the commodity in part 1 of vol 1 Capital. Argh! we in fact, very much do, spend our time, trading commodities for commodities, via the mediation of money in "our" (that is consumer expenditures) in our everyday economic activity.

The divvying up of profits amongst capitals in light of the differential rates of production due to the pace of variable capital (absolute surplus value due to the pace of living labor in production), the differential turnover times of different capitals due to technology in production, transportation or the assorted factors contributing to the realization o f value. For example, say via advertising - where the unique and independent effects of advertising provide a secondary effect of differential turn-over time for that capital (shorter turnover results in higher rates of return for the same capital and thus a higher rate of profit) and yet, advertising ceteris parabis also (when successful) accomplishes a kind of differential rent, where consumers are paying an extra increment of money for the symbolic association of the shoe with the symbolic value of Nike, which is a kind of differential rent that accrues to NIke and is derived from the lower price Target's cherokee brand sells for in relation to Nike for the (very similar) pair of shoes. Thus, differences in profit per se, as well as differential rents are occuring, and are captured, at the level of total social capital where profits, interests, and rents are carved up and distributed amongs the various capitals (that is the private for-profit firms) in competition with each other.

[raidiar]

After watching this, I can already conclude mainstream view of Karl Marx is fucking horrible. Thank you for doing this, God bless your channel.

[HexusoftheSheep]

I love this channel, and my son likes you because you sound like the Kids Picture Show guy.

[road_wisdom]

the best at explaining marxism I'm actually doing a presentation about marxism thank you man this was helpful.

[georgesoap]

Is exchange value determined by socially necessary labour or just an agreement between producers in the market without considering any measures they use to determine how many of commodity A equal that number of commodity B ?

In other words is the socially necessary labour the method karl marx used to understand what is common between different commodities, or is it the real law under capialism ?

[darrellurban]

Great job well explained. keep up the great work.

[norsie]

Are use value and exchange value only useful terms within the context of capitalism?

[ramencat]

Your voice is relaxing. It also reminds me of Adam Lanza’s voice.

[crustydread]

ive always thought that photo of marx needs to be a meme format about what he is about to pull out of his jacket