Understanding Marx's Capital Volume 1 Chapter 23 - Simple Reproduction

Karl Marx's Capital Volume 1
Part 7 - The Process of Accumulation of Capital
Chapter 23 - Simple Reproduction

This video is a look at Chapter 23 of Marx's Capital, Simple Reproduction. Marx begins by examining the reproduction of capitalism as a total mode of production. In this chapter he starts by looking at a process of reproduction where surplus-value is not reinvested back into production, but instead consumed completely by the capitalist class. We see how, even with this simple reproduction, all capital eventually becomes accumulated, how labourers become alienated from the product of their labour via the money-wage, and how the cycle of production constantly recreates the conditions that allow it to reproduce itself. Marx also further examines the productive and unproductive consumption of the workers and how the working class are reproduced.

0:00 - Part 7 The Accumulation of Capital
0:09 - Chapter 23
0:17 - Reproduction of Capitalism
01:53 - Simple Reproduction
03:03 - Yearly Cycles
03:47 - Accumulated Capital Appropriated from Labour
05:20 - Labour produces the Variable Capital
06:25 - Domination by Production and the Wage
07:37 - Labour Fund
07:56 - Alienation of Labour by the Product of their Labour
08:15 - Reproduction of Buyers and Sellers of Labour Power
08:53 - Reproduction of Labourers
09:37 - Productive and Unproductive Consumption
12:10 - Keeping Labourers Consumption Productive





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[charlesmathenge]

Thanks so much, Your videos are very very helpful with my classes where we working on this book

[AaronRinggenberg]

Fantastic and thorough video on a very necessary chapter!

[adarshgyawali]

Please cover upcoming chapter as soon as possible . Great work ❤️

[matthewlangley]

Thanks, this was really clear and helpful