Law of Value – the Video Series

December 26, 2012
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Though most use the term “Labor Theory of Value” Marx never did. Instead he referred to the “Law of Value”. Either way, that is the subject of this video series, which you can find linked below. The series will hopefully be around 15 videos long in the end. At the moment I’ve only completed the first few videos. You can see an initial draft of the scripts for all of them here.

1. Introduction

1.2 A quiz on Marx’s theory of Value

1.3 Addendum on how to watch these videos

2. The Fetishism of Commodities.

3. Das MudPie (on what it means for private labor to become social labor)

4. Use-Value, Exchange-value and Value

5. Contradiction

6. Socially Necessary Labor Time

7. Production and Exchange

8. Subject/Object

9. Abstract labor

10. Value and Price

11. Money

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"We have always distinguished the social kernel from the political form of bourgeois democracy; we have always revealed the hard kernel of social inequality and lack of freedom hidden under the sweet shell of formal equality and freedom – not in order to reject the latter but to spur the working class into not being satisfied with the shell, but rather, by conquering political power, to create a socialist democracy to replace bourgeois democracy – not to eliminate democracy altogether."

"But socialist democracy is not something which begins only in the promised land, after the foundations of socialist economy are created; it does not come as some sort of Christmas present for the worthy people who, in the interim, have loyally supported a handful of socialist dictators. Socialist democracy begins simultaneously with the beginnings of the destruction of class rule and of the construction of socialism. It begins at the very moment of the seizure of power by the socialist party. It is the same thing as the dictatorship of the proletariat. Yes, dictatorship! "

"But this dictatorship consists in the manner of applying democracy, not in its elimination, but in energetic, resolute attacks upon the well-entrenched rights and economic relationships of bourgeois society, without which a socialist transformation cannot be accomplished. But this dictatorship must be the work of the class and not of a little leading minority in the name of the class – that is, it must proceed step by step out of the active participation of the masses; it must be under their direct influence, subjected to the control of complete public activity; it must arise out of the growing political training of the mass of the people."


Rosa Luxemburg