Theory & Philosophy

Karl Marx's "Capital" Vol. 1 (Part 2/4)

Sep 18, 2021
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INSIGHT

Capital's General Formula

  • In capitalism, money transforms into more money (M-C-M').
  • Surplus value is the difference between the initial and final money amounts.
INSIGHT

Contradictions of Capital

  • Surplus value appears illusory as value seemingly changes without corresponding labor changes.
  • This contradiction makes the capitalist system unsteady and prone to collapse.
INSIGHT

Labor Power as a Commodity

  • Buying labor power as a commodity arises from separating a commodity's use and exchange values.
  • This separation allows for profit and surplus value accumulation beyond mere survival needs.
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