Week 2
accumulation of capital
Key Questions
What constitutes exploitation under capitalism? How do capital, labor, and class fit into this framework of exploitation?
How is the rate of exploitation divergent under capitalism? What does this demonstrate about the relationship between class, race, and gender?
How is capital accumulated? What is the role of competition in accumulation? What are the consequences of accumulation?
Required Materials:
Hadas Thier, A People's Guide to Capitalism: An Introduction to Marxist Economics, "Where Do Profits Come From?"
Hadas Thier, A People's Guide to Capitalism: An Introduction to Marxist Economics, "The Accumulation of Capital"
Supplementary Materials:
Reading Capital with Comrades, "Mr. Moneybags"
Reading Capital with Comrades, "Exploitation"
Reading Capital with Comrades, "Class Struggle"
Reading Capital with Comrades, "Dis-Uniting Class"
Reading Capital with Comrades, "Collective Labor"
Reading Capital with Comrades, "Reproduction"
Reading Capital with Comrades, "Capital's Tendencies"