The Sale and Purchase of Labor Power | Chapter 6

This video covers Chapter 6 - 'The Sale and Purchase of Labor-Power' of Das Kapital by Karl Marx. In this chapter, Karl Marx talks about the production of surplus value through the sale and purchase of labor-power.

pages summarized: 8

[bobacaxi]

It is so mind blowing to get into Marx view of economy! Really, thanks for the videos

[anthonyyates]

Your videos have been so helpful! If there is any recommendations I would say to include the page number of the quotes you use from Kapital! Other than that, insanely informative!

[graffitimaster]

You explained this chapter so well. Thank you for making such a dense reading, understandable.

[sayanmajumdar]

You are doing a great job. Please complete all the chapters 🙏🙏🙏

[alaamuhiddin]

Is it too much to ask for a video per day? 😬 Starting Chapter 7 tomorrow (with a class). Seriously, thanks for these.

[Loots]

can you turn up the music please? i can almost hear this guys voice

[silverskid]

Q. If the socially nec. amount of time to produce a C (including years of preparation in the case of highly skilled labor) then it should be the case that, say medical and those with advanced degrees in music or fine art have roughly equiv. labor value per unit of time (say X amount of income per yr). But, of course, not only do medical doctors tend to do better than trained musicians on average, but occasionally trained musicians who become celebrities do much better than most medical doctors measure in terms of income per unit of time. Not just that, but doctors who trained and work for roughly equivalent time periods don't all have the same labor value attached to their work. One becomes "distinguished" not due to time spent but, say, reputation (perhaps from media exposure, good marketing, prestige associated with a hospital or institute in which he/she works, etc.). This idea of "average amount of necessary time to produce X" doesn't seem to track real value/income discrepancies even accounting for time spent being educated, trained, relaxing in order to be able to work the next day et al. Perhaps this is where the limits of labor theory are made evident. Or perhaps I'm confused here, as it's been a while since I actually read this material (I'm watching this as refresher). Btw, great work here!

[divyanshusingh]

Labour working is not CMC exchange, it is a CMC' exchange.

[TopLobster]

Marx forgot to add Mental Work as Labor Power as well. Selling is as important as creating the product.

[godlessheathen]

All the hand waving while he talks...ironically appropriate and also annoying.