Chapter 31 of volume 1 of Capital is called the “Genesis of the Industrial Capitalist.”This chapter contains Marx’s views on the relationship between imperialism and colonialism and early capitalist development in Europe, which some modern Marxists have used to argue that imperialist looting and theft of wealth was a necessary precondition for Western capitalism (Brewer 1984: 82; Harvey 2010: 297). And Marx indeed does seem to think that the many aspects of the imperialist exploitation of the...
Read More »Marx’s Capital, Volume 1, Chapter 30: A Critical Summary
Chapter 30 of volume 1 of Capital is called the “Impact of the Agricultural Revolution on Industry. Creation of the Home Market for Industrial Capital.”Independent self-producing peasants in England were gradually driven off the land and into the cities to become an urban proletariat (Marx 1990: 908): “With the setting free of a part of the agricultural population, therefore, their former means of nourishment were also set free. They were now transformed into material elements of variable...
Read More »Marx’s Capital, Volume 1, Chapter 29: A Critical Summary
Chapter 29 of volume 1 of Capital is called “Genesis of the Capitalist Farmer” and argues that the true capitalist class in England emerged with the tenant capitalist farmers.Marx explains the process: “ … whence came the [sc. English] capitalists originally? For the expropriation of the agricultural population creates, directly, none by great landed proprietors. As far, however, as concerns the genesis of the farmer, we can, so to say, put our hand on it, because it is a slow process...
Read More »The Stupidity of Libertarian Privatised Roads
Note to libertarians: the argument against privatised roads is not that no roads would ever be built by the private sector, it is that leaving it to the private sector would be more inefficient and unnecessarily raise costs.First, it is quite obvious that to design a system of efficient public roads not only at a community level, but also at a regional and national level (e.g., highways), you need good information on population, traffic flows, the needs of trade and commerce, likely...
Read More »Marx’s Capital, Volume 1, Chapter 28: A Critical Summary
Chapter 28 of volume 1 of Capital is called “Bloody Legislation against the Expropriated, from the End of the 15th Century. Forcing Down of Wages by Acts of Parliament.”The creation of a vast new class of property-less proletarians as described in Chapter 27 presented immediate difficulties because there was not enough wage-labour to employ so many people (Marx 1990: 898): “On the other hand, these men, suddenly dragged from their wanted mode of life, could not as suddenly adapt themselves...
Read More »Marx’s Capital, Volume 1, Chapter 27: A Critical Summary
Chapter 27 of volume 1 of Capital is called “The Expropriation of the Agricultural Population from the Land” and examines the early history of the establishment of capitalism in England by the privatisation of communal property.Marx sketches the social and economic history of the later Middle Ages in England: “In England, serfdom had practically disappeared in the last part of the 14th century. The immense majority of the population consisted then, and to a still larger extent, in the 15th...
Read More »Marx’s Capital, Volume 1, Chapter 26: A Critical Summary
This chapter begins Part 8 of Capital called “So-Called Primitive Accumulation” (comprising Chapters 26, 27, 28, 29, 30, 31, 32, and 33).Chapter 26 of volume 1 of Capital is called “The Secret of Primitive Accumulation” and examines how capital was first accumulated before surplus value. In other words, this looks at the historical process by which feudalism was transformed into capitalism, and how peasants were stripped of any means of production and made into free wage-labourers.Money and...
Read More »Marx’s Capital, Volume 1, Chapter 25: A Critical Summary
Chapter 25 of volume 1 of Capital is called “The General Law of Capitalist Accumulation” and deals with the law that Marx thinks governs capitalist accumulation.Marx divides the chapter into five sections: (1) The Increased Demand for Labour-Power that accompanies Accumulation, the Composition of Capital remaining the Same.(2) Relative Diminution of the Variable Part of Capital simultaneously with the Progress of Accumulation and of the Concentration that accompanies it.(3) Progressive...
Read More »Marx’s Capital, Volume 1, Chapter 24: A Critical Summary
Chapter 24 of volume 1 of Capital is called “The Transformation of Surplus-Value into Capital” and deals with capitalist accumulation, as capital successfully expands and reproduces itself.Marx divides the chapter into five sections: (1) Capitalist Production on a Progressively increasing Scale.(2) Erroneous Conception by Political Economy of Reproduction on a Progressively increasing Scale.(3) Separation of Surplus-Value into Capital and Revenue. The Abstinence Theory.(4) Circumstances...
Read More »Some YouTube Critics of the Regressive Left
We need more of them. Here is a list of people and their work below, not all left-wing: (1) The Rubin Report Dave Rubin’s The Rubin Report examines politics in an interview format and has much criticism of the regressive left.(2) Gad Saad Gad Saad is an evolutionary behavioral scientist and has a YouTube channel with much commentary on the regressive left.(3) Sargon of Akkad The YouTube personality Sargon of Akkad seems to be broadly liberal but has harsh, and often controversial, criticisms...
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