Karl Marx’s Capital Vol. 3 (Part 1/10)
Theory & Philosophy
00:00
What Is the Difference Between Variable Capital and Variable Capacity?
The rate of exploitation, the actual amount earned in terms of surplus value, thoug not the rate at which it happens, will rise or decrease in proportion to what is spent on variable capital. So for example, if you raise the amount that you spend on constant capital and then compensate by reducing wages, this is where v changes. And we could see an increase here, or a reduction in the profit rate, because the amount of exploitation that creates profit, stays down while total cost price goes up. Here he goes into many different examplespresenting many different examples, but i think you get the idea.
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