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We will begin our study of Volume II study by situating this volume in relation to the historical process of development of capitalist society which is premised on its specific social form of societal re-production, the production of capital. To do so we will study the closing sections of the Penguin edition of Volume I, specifically, Part VIII: "So-called Primitive Accumulation" and the “Appendix: Results of the Immediate Process of Production”.
Join us as we journey through this movement from the imaginary concrete to the abstract concrete to the real concrete. Come and challenge your way of thinking and understanding the world as it appears to you and begin to identify some of what needs to be overcome and done to bring about a better world.Find out more »
Starting from his value-form analysis in Part One of Volume 1 of Capital, Marx develops the concept of “fictitious capital” in Volume 3, which depicts the role of interest-bearing capital and the financial sphere. Marx’s analysis allows for an understanding of contemporary capitalism, financialization and crisis: financialization cannot be isolated from “real” economy; it should be conceived as a “technology” of exercising capitalist power and hegemony over the working classes and the society as a whole. Marx’s analysis provides the terms to rethink the contemporary neoliberal form of capitalism and its crisis as expressions of the contradictions inherent in the organization of capitalist power.Find out more »