Socialist Appeal - International Marxist Tendency
Marxism. Socialism. Revolution.
In their desperate search for profitable fields of investment, the capitalist class, especially the financial oligarchy, has presided over an explosive growth of unproductive expenditure that today threatens to undermine the very edifice of capitalism. Rob Sewell examines the qualitative difference between productive and unproductive labour within capitalism.
We continue our series on Marx's Capital by looking at Chapters 9-11, in which Marx looks at the question of exploitation and the issue of the working day, opening up the roof of the factory and peering in to examine the conditions inside. What we see when we peek behind this magician’s curtain is a brutal history of exploitation and class struggle.
We continue our series looking at Marx's Capital. Having charted the historical development of commodity production and money in previous chapters, in chapters 4-8 Marx now turns his attention to the question that had stumped the classical economists: what is the source of profit within capitalism?
We continue our series of articles on Marx's Capital by looking at Chapters 2-3, in which Marx turned his attention to the question of money, explaining the various roles and functions that money plays in commodity production and exchange, and the relationship between money, commodities, and value.
Karl Marx’s Capital is an undeniable masterpiece of political economy. Marx's magnum opus, however, remains a dense and difficult book to penetrate and absorb. To help guide readers through the pages of Capital we are publishing a series of articles that give a chapter by chapter analysis of this great Marxist classic. We begin with Volume One, Chapter One, in which Marx discusses the concept of the commodity and the question of value.