Understanding Marx's Capital Volume 1 Chapter 24 - Transformation of SurplusValue into Capital (3-5)
Channel: Dissident Theory
Date: 2021-08-27

Karl Marx's Capital Volume 1
Part 7 - The Process of Accumulation of Capital
Chapter 24 - Transformation of Surplus-Value into Capital
Sections 3, Seperation of Surplus-Value into Capital and Revenue + Section 4, Circumstances that Determine the Amount of Accumulation + Section 5, The So Called Labour Fund



This video is a look at Sections 3, 4 and 5 of Chapter 24 of Marx's Capital Volume 1, Transformation of Surplus-Value into Capital. Marx begins by examining the historical social attitudes of the capitalist class and their consumption of luxury goods and their reinvestment of capital back in to production, while also examining the technical aspects of what determines the amount of surplus-value that is accumulated. In the final section he attacks the notion of a fixed 'labour fund.'

0:00 - Transformation of Surplus Value into Capital
0:09 - Section 3 Seperation into Capital and Revenue
1:36 - The Abstinence Theory
2:25 - Good Vs Bad Capitalists
4:21 - Necessity of Wealth Exhibition
6:30 - Section 4 Circumstances that Determined Accumulation
6:56 - 1 Degree of Exploitation of Labour
7:26 - Calculating the Minimum Wage
8:43 - The Supplying of Subsistence
9:58 - Proportions of Constant and Variable Capital
11:07 - 2 Productivity of Social Labour
12:45 - 3 Proportions of Capital Deployed and Consumed
13:50 - 4 The Magnitude of Capital Advanced
14:31 - Conclusion to the Division of Luxury and Investment
15:51 - Section 5 The So Called Labour Fund






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A full online copy of Marx's Capital Volume 1 can be found here: https://www.marxists.org/archive/marx/works/1867-c1/  
  






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