
Class 07 - Vol 3, Chapters 36, 27-32
Reading Marx's Capital Volume 2 (audio)
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Marx's Analysis on the Abolition of Capitalist Mode of Production
The chapter analyzes Marx's views on the abolition of the capitalist mode of production from within, exploring concepts like the credit system, cooperative factories, and the transition towards joint-stock companies. It discusses the dual character of the credit system, its potential role in transitioning to socialism through associated labor, and the centralization of social labor. The role of banks, fictitious capital, and crisis formations within the capitalist system are also examined in detail.
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