
Karl Marx's "Capital" Vol. 1 (Part 4/4)
Theory & Philosophy
00:00
Capitalism and the Transformation of Surplus Value Into Capital
Marks says capitalism not only produces things, it reproduces and produces the conditions that keep the capital relation itself going. He also says there was actually a great deal of exploitation in the emergence of capitalism. Marks: Wages will go up, but that is only a raise in the number value of the wages. The real value, how much those wages can buy, does not necessarily go up.
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