Wah wah comrade Taimur. Great explanation. Quite clear and condensed. I will share this with people I am trying to explain The Falling Rate of Profit to. Thank you.
17:11 What the rate of exploitation going up means, is the rate of inequality rising simultaneously. The labourer is in other words digging his own grave, when he works at constant hours, but needs fewer to sustain himself, and gives the reminder to the employer. That means again that the labourer as a first step against capitalism is to work less. In order to equip himself for the coming struggle he should customise himself to the bare minimum of living standards and partake in capitalist society as little as possible, become as self-sufficient as possible, boycott consuming as far as possible. Much easier done in the West than in the Global South, but then again, it's in the West the revolution has to start.
Surplus value becomes the supply in the market. So, as surplus value increases, supply increases in proportion, lowering prices, increasing the purchasing power of the laborer.
What a beautiful explanation.
Wah wah comrade Taimur. Great explanation. Quite clear and condensed. I will share this with people I am trying to explain The Falling Rate of Profit to. Thank you.
Yes, this is the type of stuff we want from you...thanks, comrade!
This series has really helped me understand how my work (tech) is gonna get the same treatment that happened for cars
Listen to Ludwig von mises
@@widowsson8192 😂
OK.
excellent
17:11 What the rate of exploitation going up means, is the rate of inequality rising simultaneously. The labourer is in other words digging his own grave, when he works at constant hours, but needs fewer to sustain himself, and gives the reminder to the employer. That means again that the labourer as a first step against capitalism is to work less. In order to equip himself for the coming struggle he should customise himself to the bare minimum of living standards and partake in capitalist society as little as possible, become as self-sufficient as possible, boycott consuming as far as possible. Much easier done in the West than in the Global South, but then again, it's in the West the revolution has to start.
Surplus value becomes the supply in the market. So, as surplus value increases, supply increases in proportion, lowering prices, increasing the purchasing power of the laborer.
Incorrect.
is this chapter 8
Exploitive, no way. How surprising.