The Formula of Capital | Chapter 4

This video covers Chapter 4 - 'The General Formula of Capital' of Das Kapital by Karl Marx. In this chapter, Karl Marx defines Capital and lays out some of its characteristics.

pages summarized: 7

[GolfBaller]

I was under the impression that Marx's antisemitism was an inversion of sorts. I felt that he was using the language of antisemitism almost to make the point that antisemitism is irrational and illogical, because it's not just Jews who hoard money and game markets, it's every capitalist regardless of ethnicity.

[forest-fairies]

Thank you so much, I was having such a hard time understanding this until I watched your video!

[Draxtor]

Thank you fantastic. Reading along and checking with you and David Harvey right after if I gleaned the correct things 😅

[erikawhelan]

Vis-à-vis the anti-semitic remark: Marx is in part calling back to his remarks in Zur Judenfrage here, and by extension obliquely criticizing the common anti-semitic trope regarding Jews, greed, and money. It is anti-semitic, but is also an attempt to invert anti-semitic stereotypes about Jews.

[mr.cauliflower]

There might me some instances where a bought commodity isn't sold for desired price, and might even be sold at a loss or thrown away, for example if you buy too much food, and some gets spoiled, or you must sell it at a lower price due to ending commodity can end in a loss, because of spoiling, for example food which will expire in a short time, has to be sold at a lower price in some countries; another example is failing at speculation. However generally it's worth buying more than customers buy on average because of high average difference between cost of purchase and transportation and sell price.

[chrismayhew]

Marx wrote a book called “a world without Jews” And no, I read a lot of philosophy and even the philosophers who are called anti semites such as neitzche (spelling) didn’t write two whole books on it….the second being “on the Jewish question” it’s one thing to have a quote but another to write two books on the topic :)

[Pglarsen]

4:41 No reason to excuse Marx for anti-semetic remarks.

[chrismayhew]

So it’s okay for Marx to be not. It’s not okay for people you agree with and not for those you don’t. Now that I know Marx has made antisemetic remarks I am going to blow that shit up.