How is the Working Class Exploited?
“Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks.”
Karl Marx, Capital, 1868
Reading 1: Capitalism’s Big Con: Understanding Marxist Economics (CWI)
Reading 2: Value, Price & Profit, Chapters 6-14 (Marx)
Chapter 6 – Value and Labour
Chapter 7 – Labour Power
Chapter 8 – Production of Surplus Value
Chapter 9 – Value of Labour
Chapter 10 – Profit is Made by Selling a Commodity at its Value
Chapter 11 – The Different Parts into which Surplus Value is Decomposed
Chapter 12 – General Relation of Profits, Wages, and Prices
Chapter 13 – Main Cases of Attempts at Raising Wages or Resisting their Fall
Chapter 14 – The Struggle Between Capital and Labour and its Results
Reading 3: Capital, selected chapters (Marx)
Chapter 26 – The Secret of Primitive Accumulation
Chapter 27 – Expropriation of the Agricultural Population from the Land
Chapter 32 – Historical Tendency of Capitalist Accumulation
Chapter 33 – The Modern Theory of Colonisation
Download Topic 3 as a printable PDF booklet here.