This doesn’t stop being a great video after watching 3 times.

I love this channel! I save so many of your videos as reference sources.

This was extremely complex. I love it! I will watch again after looking at the references. Thank you!!

New intro looks great! Awesome content as always ✊

Great video always, and is 3X time.

Your videos are very informative and have been so helpful, I love the use of graphics.

Great video! Much needed explanations of important concepts!!! 💗

woah this makes me really wanna dig into those later volumes of Capital

This was much easier to understand than turnover capital of the last video, though, I still have trouble internalizing expanded reproduction. Are there any simulations/games that can help explain this better? There's a game by Colestia called Crisis Theory which is very helpful to understand the general circuit of capital for individual capital. I think a game version for turnover capital and simple & expanded reproduction would be much help if anyone knows any.

@kansuvo

Жыл бұрын

Totally agree with you. I have always a sense of doubt and ambiguity in internalizing the concepts and matching with real world examples. A more to the point instance may make it easier to comprehend.

Great video. Thank you!

You got some seriously dope ass teaching skills with your production. Keep it up.

The visuals are really helpful.

i feel like in the graph at 4:56 the arrows in department two are the wrong way around, C' -> P -> C seems to imply that derived capital, with added surplus value, is used in production to produce primitive capital, without surplus value, is it not the other way around? shouldn't the graph read C -> P -> C' ? or have i misunderstood what the arrows mean?

Wonderful illustration

Keep up the great work and keep building the community! This is absolutely great to see! Do you have any plans for having podcasts, conversations, and involvement with growing more communities to build more of Marx's ideology? Just interested in where you plan on going now and in the future!

@themarxistproject

3 жыл бұрын

There are a few directions that I would love to build towards but unfortunately time and finances are major limitations as always. Even the current upload schedule of one video per month is difficult to maintain, despite the amazing help of several friends. A podcast is certainly on the table, as is a website, and possibly even a mobile app of some kind. The only current project that is likely to materialize in the coming months is an illustrated compilation of the Fundamentals of Marx series in printed book form.

I mist confess this pops two questions for me: 1) I have never understood the marxian position about money/marxian monetary theory, which has a lot to do here... 2) is this somehow related to Marx idea about the ecological rift?

You honestly deserve more subs man

love your videos! but why did you delete the "circuits of productive capital" video?

@themarxistproject

3 жыл бұрын

Ah, the narrator requested it was taken down. We're working on a re-upload though!

dope intro

Some of these diagrams would be great for an infographic or poster

Is there still a discord server I could join?

Cute Intro, but maybe try doing a small preview as the first thing in the video, then do the intro and then go to whatever you wanted to talk about!

Is there commodity production in socialism? Like in modern China?

On the notion of hordes, and on the disconnect between amount of value produced and consumed in order for capital to expand, I can see how this would be a contradiction in the capitalism of marxs time. Specifically a time when capitalists themselves may need to raise the funds in order to expand, or get a loan from a bank, which is the just the savings of the banks customers. In both cases this represents value produced but not consumed. However in modern our financial system, banks dont need to have a reserve of cash (or gold) before being able to lend money. They can now simply create money by manipulating numbers on a balance sheet. In this case money is not taken out of circulation in order to expand, the expansion can happen immediately. And the repayments of the loans happen based on the already expanded system of production. Does this relationship still represent the same fundamental contradiction or something new, and if so what? Needless to say crises are still endemic, so a contradiction is still present.

@themarxistproject

3 жыл бұрын

You're absolutely right! The financial system "fixed" the precarity of hoard accumulation, BUT it brought with it a whole array of other issues. Especially with the advent of contemporary financial instruments, you now have dangers of speculative bubbles and in general the incongruency between the financial world and "real" capital. These discrepancies (between the pace at which financial capital moves and the pace at which industrial capital moves) create conditions for crises of their own. My thought is that this is essentially a more complex form of the same issue-- finance displaces the interruption but eventually capital enters the same kind of crisis of disproportionality.

@christopherhill2237

3 жыл бұрын

​@@themarxistproject It seems to me like doing this moves the locus of the crisis from the individual firms or maybe industrial sectors to the banks and financial institutions. This would contain the negative externalities posed due to small scale and temporary disconnections associated with capital reproduction and growth, but opens the door for much bigger crisis if the institutions fail. Do you know of anyone that has done work to develop marxs theorys of economic reproduction by including modern financial systems and their relationships to the crisis we see today. I have come across marxs work before and it was interesting to me but sure seemed a little dated. I'd be interested to read up on that

@themarxistproject

3 жыл бұрын

@@christopherhill2237 absolutely, I think that captures the dynamics perfectly. As it so happens, I just read a very insightful book on financial capital written by the French Marxist scholar François Chesnais. The book is called "Finance Capital Today: Corporations and Banks in the Lasting Global Slump" You can find it on Haymarket books. It's actually part of their historical materialism series that has a lot of great texts (including a few more on financialization).

@christopherhill2237

3 жыл бұрын

@@themarxistproject Thank you so much. I'll look into that one

Third thime's the charm?

@themarxistproject

3 жыл бұрын

I certainly hope so!

@boringpolitician

3 жыл бұрын

@@themarxistproject - What's happening? Copyright notice?

@themarxistproject

3 жыл бұрын

Not sure...maybe some kind of glitch in the render. It was causing the intro to pop up around the 8 minute mark. Should be fixed now 🤞

@boringpolitician

3 жыл бұрын

@@themarxistproject - Ah, I thought it was a more severe issue. Thank you algoritms it isn't! Hope you have a great weekend, comrade! And happy holidays!

Am I the only one here that thinks that this shit's too difficult ? I think you should use more examples and try to give more explanations of what each term is in order to make it easier to understand. Like even topology and linear algebra aren't this tough

@jaredbutler8473

3 жыл бұрын

To be honest I didn’t discover this channel until I was already in the middle of volume 2 and I can say that as a supplementary resource, this video is incredibly useful. That diagram alone (their own making, I believe) is crazy impressive. But that’s only because I’m reading the book. Outside of the context of the primary source, I can’t imagine that this makes much sense at all. Don’t get too frustrated… depending on where you grew up, this kind of thinking is genuinely counterintuitive. As an American, it certainly was for me. And you’ve basically picked the most infamously difficult section here, and there’s about 460 pages of build-up (where he talks about all these elements) before it gets to this. I’m not saying you need to read capital to get it, but I’m just saying don’t get discouraged by the difficulty!

alright... i am on your side, and i am desperately motivated to understand this particular issue, and i am not a complete idiot, as i do understand some fairly complex things in other spheres, such as biology or linguistics, but i am totaly clueless as to what the hell you are saying for most of the video, i am sorry. all these identical letters with identical numbers together look identical to gibberish, and you could've just written lsdbksurebyvksgvrbls all over the screen with the same effect. with all due respect, comrade.

Under the pretext of the global "pandemic" the following goals are achieved by the largest capital (all of them are aimed at overcoming a massive economic crisis, at the heart of which lies the crisis of overproduction, in other words, what we are witnessing is Great Depression 2.0 covered up with a "deadly virus"): - closing down plants, factories and even whole industries (i.e. slowing down the production process in order to let old products gradually dissolve and stop the production of new ones; dealing with not only oversupply of products, resulting from incorrect distribution, but also services) - downsizing workforce (because many workers are simply not needed when there is an overproduction of goods) - killing off small and medium businesses in order to replace them on the market (this always happens during an economic crisis, a small capitalist gets eaten by a big one; for example, the so-called "swine flu" helps to effectively bankrupt smaller businesses, magically avoiding huge corporations www.reuters.com/article/us-china-swinefever-farmers-idUSKCN1PQ47J p.s. no, China is not a socialist country) - cutting expenses on healthcare and education (millions of operations have been cancelled, medical staff has been getting laid off; schools and universities are switching to remote learning with plans to replace teachers with video lectures) - fighting and slowing down the inevitable revolutionary uprise (protests and strikes resulting from downsizing, loss of small and medium businesses, loss of democratic rights etc) by banning social gatherings, putting muzzles on people's faces and demoralizing them - intensifying economic exploitation (cancelling bonuses and freezing salaries; making people work overtime under the pretext of "difficult times for us all"; not paying wages for several months etc) - maximizing profits, making billions of dollars out of thin air by forcing millions of people to buy a product they don't need (surgical masks against a respiratory virus, sanitizers, gloves, electronic thermometers etc. The daily profit from masks alone is so gigantic that they are for sure to remain with us forever now, until people abolish them) work-way.com/en/2020/09/23/the-virus-of-fascism/ , work-way.com/en/2020/09/16/the-new-global-economic-crisis-and-the-new-lie-of-capitalists/