Had to revise and refresh some things as I enter into volume 2. Your videos are just brilliant man. Appreciate them so much!

Great as always, keep it up!

What’s the difference between the labor process and the valorization process. What exactly is the valorization process.

@DissidentTheory

3 жыл бұрын

Very roughly speaking, when Marx talks about the Labour Process, he is meaning labour outside the Capitalist mode of production, as a transhistorical human activity. Whereas the Valorization Process is labour under capitalism viewed from the perspective of Value, or the self production of Value. If we consider the labour process, it is qualitative production, based on useful (physical) labour producing Use-Values. If we consider the value creation process, it is a quantitative production, based on abstract labour producing commodities. Capitalist production is the unity of these two processes. Essentially, the Valorization Process is the creation of a greater amount of Value (Surplus-Value) than the Value it took to produce it. In later chapters we'll see how this Surplus-Value is used to "reinvest" in itself to continually create more, in a sort of ever expanding feedback loop. So it becomes self-valorization. It both defines and magnifies it's own worth.

@ofthem16

3 жыл бұрын

@@DissidentTheory Theoretically, if a worker needs $6 per day to afford their means of subsistence (or, in other words, the value of their labor power, per day, is $6), and they produce the quantity of value expressed in $6 in 6 hours, and the workday is 12 hours, is the valorization process the last 6 hours? Is it the entire 12 hour day? Is the labour process and the valorization dual aspects of one unity, like use-value and exchange-value, or are they entirely separate processes?

@DissidentTheory

3 жыл бұрын

@@ofthem16 Yes, just as the commodity is the unity of Use-Value and Exchange-Value, the production process is the unity of the labour process and the creation of value. The valorization process is the continual utilisation and self expansion of value, or the valorization of value. It's the movement of value in the creation and circulation of capital, or value as a continual process. We could say that it becomes realised in Surplus-Value.

@ofthem16

3 жыл бұрын

@@DissidentTheory thank you thank you

Wait is value creation a requisite of the valorization process, as opposed to the labor process

Thank you

What are the social and economic factors that have contributed to the emergency of the capitalist labour process?