Class 05 - Vol 3, Chapters 16-20

Professor David Harvey discusses the evolution of merchant capital, exploring how it transformed into modern corporations like Walmart. He delves into producer-merchant dynamics using examples from General Motors and Walmart, setting the stage for a deep dive into Volume 3 of Capital. The discussion highlights the challenges in understanding Marx's work, proposing a methodical approach. The podcast also explores labor exploitation in global trade and the crucial role of merchant capitalists in profit circulation.