Marx Capital summary 309-398

Marx Capital summary 309-398 - Marx, Capital summary pp....

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Click to edit Master subtitle style 4/28/11 Marx, Capital summary pp. 309-398
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4/28/11 Labor is the measure of value, but has itself no value. Labor only finds objective existence when it is congealed in a commodity. Because the capitalist always gets some free labor, the wages that a laborer is paid never equal the true price of that labor.
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4/28/11 The oppression of the working class has the appearance of legality due to frequent change of employers and signed contracts. But if my choice is to work at Burger King or McDonald’s am I really free? If my choice is to spend money at the Gap or Banana Republic, do I really have a choice?
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4/28/11 The capitalist is spurred on by avarice (greed) in the beginning, but must develop abstinence and frugality if he is to be a good capitalist. He must forego consumption in order to re-invest his profit in order to make an even greater profit. This is why Bill Gates drives a beat up pickup truck.
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4/28/11 A mass of poor, an industrial reserve
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This note was uploaded on 04/28/2011 for the course IH 0952 taught by Professor Zhuraw during the Spring '11 term at Temple.

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Marx Capital summary 309-398 - Marx, Capital summary pp....

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