Understanding Marx's Capital Volume 1 Chapter 15 - Machinery And Modern Industry (Sections 4-7)
Karl Marx's Capital Volume 1
Part 4 - The Production of Relative Surplus-Value
Chapter 15 - Division of Labour and Manufacture (Section 4-7)
This video is a look at sections 4 - 7 of Chapter 15 of Marx's Capital, Machinery and Modern Industry. Marx analyses the creation of hierarchies within manufacturing. He also examines the historical struggle by workers against technology, unemployment caused by machinery, machinery's role in colonialism and capitalism's expansive nature.
0:00 - Section 4 The Factory
01:00 - Workplace Hierarchies
01:53 - Section 5 Workers Vs Machines
03:25 - Section 6 Workers Displaced by Machinery
04:08 - Underconsumption
04:55 - Compensation Theory
05:22 - Machinery's Role in Colonialism
07:54 - Section 7 Repulsion and Attraction
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A full online copy of Marx's Capital Volume 1 can be found here: www.marxists.org/archive/marx...
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Lots of interesting things to take away from these sets of chapter sections. Understanding that European colonial powers only built infrastructure in colonies so long as it helped them export materials to their homeland more cheaply is important historical context. We can see then how absurd it is when reactionaries and liberals today compare this to China using its reserves to fund and provide material support in building infrastructure across Africa and Asia for industrializing, raising living standards across the world, and better diplomatic relations. When you actually read Capital you find that the critique that Marx is Euro-centric or doesn’t provide sufficient analysis for colonialism is absurd, a complete symptom of “haven’t-read-the-book”