Wah wah comrade Taimur. Great explanation. Quite clear and condensed. I will share this with people I am trying to explain The Falling Rate of Profit to. Thank you.
17:11 What the rate of exploitation going up means, is the rate of inequality rising simultaneously. The labourer is in other words digging his own grave, when he works at constant hours, but needs fewer to sustain himself, and gives the reminder to the employer. That means again that the labourer as a first step against capitalism is to work less. In order to equip himself for the coming struggle he should customise himself to the bare minimum of living standards and partake in capitalist society as little as possible, become as self-sufficient as possible, boycott consuming as far as possible. Much easier done in the West than in the Global South, but then again, it's in the West the revolution has to start.
Surplus value becomes the supply in the market. So, as surplus value increases, supply increases in proportion, lowering prices, increasing the purchasing power of the laborer.
Ah yes, that beautiful and totally real phenomenon of capitalists lowering prices and passing the savings on to their workforce. That’s why we have a functioning healthcare system, adequate housing and all mouths fed. What a wonderful reality we all inhabit.
Would like to here more about the business cycle, law of disproportionality. I mean so what if you overproduced, how is that a crisis? Vakt mile to btana. Great lecture as always Taimur sir 💙
How is it possible that a product like Nike Jordan costs significantly more than a standard sports shoe. Aside from the brand name, the production costs are roughly the same. Could you offer any Marxist perspective on this?
This series has really helped me understand how my work (tech) is gonna get the same treatment that happened for cars
Listen to Ludwig von mises
@@widowsson8192 😂
OK.
Yes, this is the type of stuff we want from you...thanks, comrade!
What a beautiful explanation.
excellent
Wah wah comrade Taimur. Great explanation. Quite clear and condensed. I will share this with people I am trying to explain The Falling Rate of Profit to. Thank you.
17:11 What the rate of exploitation going up means, is the rate of inequality rising simultaneously. The labourer is in other words digging his own grave, when he works at constant hours, but needs fewer to sustain himself, and gives the reminder to the employer. That means again that the labourer as a first step against capitalism is to work less. In order to equip himself for the coming struggle he should customise himself to the bare minimum of living standards and partake in capitalist society as little as possible, become as self-sufficient as possible, boycott consuming as far as possible. Much easier done in the West than in the Global South, but then again, it's in the West the revolution has to start.
Surplus value becomes the supply in the market. So, as surplus value increases, supply increases in proportion, lowering prices, increasing the purchasing power of the laborer.
Incorrect.
Ah yes, that beautiful and totally real phenomenon of capitalists lowering prices and passing the savings on to their workforce. That’s why we have a functioning healthcare system, adequate housing and all mouths fed. What a wonderful reality we all inhabit.
Would like to here more about the business cycle, law of disproportionality. I mean so what if you overproduced, how is that a crisis? Vakt mile to btana. Great lecture as always Taimur sir 💙
Exploitive, no way. How surprising.
is this chapter 8
How is it possible that a product like Nike Jordan costs significantly more than a standard sports shoe. Aside from the brand name, the production costs are roughly the same. Could you offer any Marxist perspective on this?