Reading Marx's Capital (audio) cover image

Class 10 - Chapters 16-24

Reading Marx's Capital (audio)

00:00

Capitalist Wage Systems and Surplus Value Extraction

Exploration of how capitalism utilizes wage systems like time wages and piece wages to obscure surplus value extraction from labor, while delving into the fetishization of the capital-labor relation through price systems and ideological constructs like 'value of labor'. Marx also discusses national differences in wages and regional variations in the value of labor power, showing how geographical factors can influence wage rate determination.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app