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Class 11 - Vol 2, Chapters 20-21

Reading Marx's Capital Volume 2 (audio)

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Critique of Human Capital Theory and Transition to Alternative Systems

Marx critiques the human capital theory, arguing that labor power is a commodity benefiting capitalists, not workers. The chapter further explores the transition towards alternative production and consumption systems, discussing coordination issues, the role of the state, and envisioning a post-capitalist economy.

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