Karl Marx’s Capital Vol. 3 (Part 1/10)
Theory & Philosophy
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The Value of a Machine Will Go Down
The value of a machine is given over to the product that it makes gradually in accordance with the deterioration of that machine. Now the value of raw materials is going to give itself over entirely as those raw materials are depleted into the produced thing. And then labor is what is able to give value and create extra value that comes out in in the form of exploitation that is taken on top of what is paid in wages. It might go down in the real world much more than the raw materials actually went up in price.
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