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Class 05 - Chapters 7-9

Reading Marx's Capital (audio)

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Exploring Labor Processes and Capitalist Dynamics

The chapter delves into the interaction between labor processes and capitalist ownership dynamics, emphasizing the control exerted over labor power and the generation of surplus value. It contrasts the concept of labor power ownership under capitalism with the Lockian perspective and discusses how capitalists pay themselves twice through managerial fees and capital returns. Marx's exploration of the transformation of money into capital and the exploitation of labor for surplus value creation is central to understanding the complex dynamics of labor processes within a capitalist system.

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