The Verso Podcast Value In Motion | Beverley Best & Aaron Benanav
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May 16, 2024 Beverley Best and Aaron Benanav discuss AI, surplus population, and the labor theory of value. They explore Marx's critique of capitalism, the impact of automation on labor, and the historical fears of job loss. The conversation delves into the intersection of capitalism, technology, and social transformation, emphasizing the need for collective action to create a more equitable future.
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Value as a Mode of Sociality
- Marx saw value as a response to an upside-down world, irrational and emiserating.
- Value is a mode of sociality, a way of collectively producing and distributing things.
Value's Substance
- Value isn't just price; it's the substance of price, arising from collective production and distribution.
- It's the operational logic of generalized exchange within a capitalist society.
Value's Internal Contradiction
- Value represents a contradiction: large-scale interdependent production, yet outcomes are private property.
- This inherent tension leads to predatory expressions and an extinction drive within capitalism.