this post was submitted on 22 Sep 2024
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Explain the bookclub: We are reading Volumes 1, 2, and 3 in one year and discussing it in weekly threads. (Volume IV, often published under the title Theories of Surplus Value, will not be included in this particular reading club, but comrades are encouraged to do other solo and collaborative reading.) This bookclub will repeat yearly. The three volumes in a year works out to about 6½ pages a day for a year, 46⅔ pages a week. However, we're a bit ahead of the curve right now, and can slow down to about 35 pages a week.

I'll post the readings at the start of each week and @mention anybody interested. Let me know if you want to be added or removed.


Just joining us? You can use the archives below to help you reading up to where the group is. There is another reading group on a different schedule at https://lemmygrad.ml/c/genzhou (federated at !genzhou@lemmygrad.ml ) which may fit your schedule better. The idea is for the bookclub to repeat annually, so there's always next year.

Archives: Week 1Week 2Week 3Week 4Week 5Week 6Week 7Week 8Week 9Week 10Week 11Week 12Week 13Week 14Week 15Week 16Week 17Week 18Week 19Week 20Week 21Week 22Week 23Week 24Week 25Week 26Week 27Week 28Week 29Week 30Week 31Week 32Week 33Week 34Week 35Week 36Week 37Week 38


Week 39, Sept 23-29 – Chapter 22 and Chapter 23 of Volume III

Chapter 22 is called 'Division of Profit. Rate of Interest. Natural Rate of Interest.'

Chapter 23 is called 'Interest and Profit of Enterprise'


https://www.marxists.org/archive/marx/works/1894-c3/index.htm


Discuss the week's reading in the comments.

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[–] Doubledee@hexbear.net 3 points 1 month ago (1 children)

Reading about how money capital and the ability to extract interest without needing to perform the function of an industrial capitalist eventually leads to their conversion into managers was kinda interesting. So is the end state of Capitalism a single money capitalist paying companies to hire managers for businesses he has nothing to do with? It's weird to see the industrialist disposed of so late in the game.

[–] Lemmygradwontallowme@hexbear.net 4 points 1 month ago (1 children)

Reading about how money capital and the ability to extract interest without needing to perform the function of an industrial capitalist eventually leads to their conversion into managers was kinda interesting. So is the end state of Capitalism a single money capitalist paying companies to hire managers for businesses he has nothing to do with?

You've heard of primitive accumulation, fowks, now introducing modern accumulation (deriving from proper capitalist competition, so to speak)

After every crisis there are enough ex-manufacturers in the English factory districts who will supervise, for low wages, what were formerly their own factories in the capacity of managers of the new owners, who are frequently their creditors.

[–] SteamedHamberder@hexbear.net 3 points 1 month ago (1 children)

We get hints about “small business tyrants” in this chapter too!

We do? Bliat, this is going to be a helluva time!