the quote used in the first part is incorrect (kinda), the quote i got the definition from is this one: “To daily reproduce his labouring power, he must daily reproduce a value of three shillings, which he will do by working six hours daily. But this does not disable him from working ten or twelve or more hours a day. But by paying the daily or weekly value of the spinner's labouring power the capitalist has acquired the right of using that labouring power during the whole day or week. He will, therefore, make him work, say, daily, twelve hours. Over and above the six hours required to replace his wages, or the value of his labouring power, he will, therefore, have to work six other hours, which I shall call hours of surplus labour, which surplus labour will realise itself in a surplus value and a surplus produce.” - Value, Price and Profit, chapter 8 the one in the video shows how to find surplus value in, say, an equation, as shown later in the video. will i fix it? no :3
What Marxx teachings don‘t get is that there is value beyond the material and work such as the infrastructure for producing, transporting and selling the goods such as access to markets, suppliers and much more. Furthermore there is risk involved in setting up a business and there Must be compensation for that. There is a reason why a factory worker is Not just building a chair, selling it and stops working (to Stick to your example)
@@maxbildungsaccount6915 marx did talk about the means of production and its role in value in "capital". Suppliers, transport, etc. All have costs which must be paid, however considering that this has progressed to the point of companies having global supply lines marx wasn't able to talk about those specifically. However, what marx does talk about is the cost of the raw material in production, the inputs, which you'd assume is being sold at the price the supplier wishes, as well as the aforementioned costs of the means of production but also rents and other things required. He talks about all this in "capital" chapter 8 or 9. I forgot. So he does indeed talk about them, just from an 1800's perspective which would obviously change when talking about modern times. The reason this isn't all named in the video is due to them being able to be included in the "constant capital" part.
the quote used in the first part is incorrect (kinda), the quote i got the definition from is this one:
“To daily reproduce his labouring power, he must daily reproduce a value of three shillings, which he will do by working six hours daily. But this does not disable him from working ten or twelve or more hours a day. But by paying the daily or weekly value of the spinner's labouring power the capitalist has acquired the right of using that labouring power during the whole day or week. He will, therefore, make him work, say, daily, twelve hours. Over and above the six hours required to replace his wages, or the value of his labouring power, he will, therefore, have to work six other hours, which I shall call hours of surplus labour, which surplus labour will realise itself in a surplus value and a surplus produce.”
- Value, Price and Profit, chapter 8
the one in the video shows how to find surplus value in, say, an equation, as shown later in the video.
will i fix it?
no
:3
What Marxx teachings don‘t get is that there is value beyond the material and work such as the infrastructure for producing, transporting and selling the goods such as access to markets, suppliers and much more. Furthermore there is risk involved in setting up a business and there Must be compensation for that. There is a reason why a factory worker is Not just building a chair, selling it and stops working (to Stick to your example)
@@maxbildungsaccount6915 marx did talk about the means of production and its role in value in "capital".
Suppliers, transport, etc. All have costs which must be paid, however considering that this has progressed to the point of companies having global supply lines marx wasn't able to talk about those specifically.
However, what marx does talk about is the cost of the raw material in production, the inputs, which you'd assume is being sold at the price the supplier wishes, as well as the aforementioned costs of the means of production but also rents and other things required.
He talks about all this in "capital" chapter 8 or 9.
I forgot.
So he does indeed talk about them, just from an 1800's perspective which would obviously change when talking about modern times.
The reason this isn't all named in the video is due to them being able to be included in the "constant capital" part.
Why greg sound like a 32 year old vietnam veteran
@@VolumeCheese LMAO
>:(