The Theory of Surplus Value (Intro to Marxism Part 3)

00:00 Setting the stage
03:03 Constant and variable capital
05:20 Timeline of the work day
09:55 Surplus value
14:19 Wage theft?
17:00 Profit
23:22 The coercive laws of competition
30:03 The rate of profit
32:07 The rate of exploitation
37:20 Absolute and relative surplus value
41:19 Is exploitation necessary?
43:38 Bourgeois neuroses

[wwahyyy]

this is good stuff. keep it accessible pls.

[cavalera]

many thanks for these videos, do you have any book recommendations?

[digaddog]

Im a bit confused on what S actually represents. If we take our perfectly representative worker working a 12 hour work day, spending an equal amount of time on C, V, and T, then i can imagine they'd:
C. Maintain and build machinery
V. Produce food, build houses, and manage water supplies
S. ???

They would work on the same things as V for a while, but we've decided that most of S isnt used as subsidence, but as reinvestment. But wouldn't that be C?

[rotcivtilems]

this is all good just don't do that thing that kapitalism101 did where they deleted all their videos because they thought that they weren't good enough