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/lit/ - Literature

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[ERROR] No.2046267 [Reply] [Original]

Hey /lit/

I'm trying to learn more about Marxian theory. Not that I believe in the shit. It's always been sociologist circlejerking. It's just that you can always do anything in English by writing from a Marxian, class struggle perspective.

What I am struggling to find on the internet is what Marx believed were the internal contradictions of Capitalism. I tried going through Das Kapital to find it but the labor theory of value bullshit hurts my brain.

If any of know, would you care to explain?
Or if any of you know where it can be explained, can you please direct me there

>> No.2046276

You could read The Communist Manifesto just to tell you.

>> No.2046286

>what Marx believed were the internal contradictions of Capitalism
Read's like a homework assignment to me

>> No.2046293

Was that image made for trolling? I'd believe it was real if they didn't make the black girl's lips gigantic.

>> No.2046297
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>>2046276
All that told me was that crises came about when the bourgeoisie "overproduced", didn't go into the how and why this happened. Or how and why this lead to economic crises.

>>2046286
Well, I am brushing up on my Marxian theory so I have an extra weapon to write essays with. It was either this or I learned the feminist perspective of things.

>>2046293
I found it on /new/, you yea.

>> No.2046314

>>2046297

>All that told me was that crises came about when the bourgeoisie "overproduced", didn't go into the how and why this happened. Or how and why this lead to economic crises.

It's what later to be called "business cycle"

>> No.2046318

http://oyc.yale.edu/sociology/foundations-of-modern-social-theory/content/transcripts/transcript13

that should help

>> No.2046326

>>2046314
Yea, but why does this happen?

I understand the Austrian viewpoint of the business cycle, where artificially low interest rates created by the fed lead to shitty speculative investments made on nothing but inflation. Eroding savings, hence eroding away that which can maintain Capital.

>>2046318
I'll start reading now.

>> No.2046327

>>2046297
the whole Boom and bust economic is what he was getting at.

>> No.2046332

>>2046326

He never tried to explain why it happened, he simply observed that it happened

>> No.2046351

>>2046332
Oh, ok.

I feel cheated, at least Keynes and Hayek tried.

>> No.2046356

>>2046276
Manifesto doesn't go over the inner contradictions of capitalism.

Wages Price and Profit ( http://www.marx2mao.com/M&E/WPP65.html ) does.

>>2046297
Marx's argument regarding overproduction is due to the tendency of the rate of profit to fall within the 7 year production business cycle.

>> No.2046366

>>2046332
>He never tried to explain why it happened, he simply observed that it happened

Value composition? Mechanisation? Falling rate of profit?

Marx explained plenty, you didn't read hard enough.

>> No.2046371

>>2046366

falling rate of profit is still observation, not explanation

>> No.2046379
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>> No.2046382

>>2046371
You do realise that Marx explains the falling rate of profit through the organic composition of capital?

>> No.2046399

>>2046366
>Mechanisation

His argument involving Mechanization involved work eventually becoming infinity non-specific. Meaning wages will be ironed down to minimum as anyone can do it (Marx was wrong about this due to the fact technology also brings into existence new fields). But thanks, forgot about this. Leading to an increase in Organic Capital being available.


>Value composition
The organic composition of Capital ties into an inbalance between Capital and labor, right?

>falling rate of profit
So, because of the inbalance of the OCC. Capitalists are forced to expand production to acquire the increasing returns to remain competitive? Although I disagree, I see how it is a feasible theory.

Thank you guys. You have been a much better help than /new/

>> No.2046417

>Marxian
Game Over.

Play Again?

Y/N

>> No.2046443

>>2046399
Precisely. This is the classic "over production" Marxian crisis.

In an immediate sense, capitalists expand the productive capacity of capital to chase profits via OCC. Seven year cycle.

The longer term infinitesimal labour input value crisis is another matter.

As you observe some new technologies have brought new skill sets into being, but others haven't. Also, within new technology, work has been proletarianised over time (see Braverman).

Marx was never a fatalist, so he never relied upon machines to produce revolution.