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Notes and Reflections on Books and Media

by Hannah Leitheiser

Analysis

Das Kapital Volume One

Karl Marx

1867

Link

2018-08-06

Finished Marx's Das Kapital. His analysis is roughly correct, I think.

--- the labor involved in something is what makes it valuable ---

In general, seems right, although noting that people work for what's valuable, you might keep it at correlation.

--- capitalism extracts surplus labor value from workers ---

Sure. If a corporation is going to hire someone, they want to do more than break even. Marx takes that powers are such that all surplus beyond what's needed for bare subsistence will be extracted from workers -- sometimes more. In some cases, yes. Many live paycheck-to-paycheck.

--- capitalists seek to modularize the worker to separate them from the property involved in production and make them like interchangeable machine parts. ---

Mostly true, and a continuing trend, I think.

--- workers are many; owners are few: revolution! ---

Eh...a few times. And where not, modern government does involve piecewise socialist elements.