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Class 10 - Chapters 16-24

Reading Marx's Capital (audio)

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Capital Accumulation and Surplus Value in a Capitalist System

The chapter explores the intricacies of surplus value and capital accumulation in a capitalist system, dissecting the transformation of laws of appropriation and private property. It delves into the motivation and actions of capitalists, highlighting the coercive nature of reinvestment and the structural necessity for continuous growth. Marx's critique of the concept of abstinence among capitalists is discussed, emphasizing accumulation for the sake of accumulation and the elasticity of capital within the system.

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