Tag: Labor Power
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Part 16: Unraveling the Digital Economy: Changes in Labor-Power Price, Surplus-Value, and Capital Accumulation
In Karl Marx’s analysis, the examination of changes in the price of labor-power and their implications on surplus-value and capital accumulation sheds light on the fundamental dynamics of the capitalist economy. Marx explores how fluctuations in the price of labor-power, which refers to the cost of labor necessary for workers’ subsistence, can influence the extraction…
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Part 15: Unveiling Surplus-Value in the Digital Age: Impact on Digital Labor and Privacy
Karl Marx’s exploration of absolute and relative surplus-value under machinery and large-scale industry offers valuable insights into the workings of capitalist production. In our digital age, these concepts find resonance in the realm of information, data, and privacy. This blog post delves into the dynamics of surplus-value within the digital landscape, with a focus on…
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Part 14: Unveiling the Impact of Technology Giants: Machinery and Large-Scale Industry in the Digital Age
In Karl Marx’s seminal work, “Capital: Critique of Political Economy,” he extensively analyzes the profound impact of machinery and large-scale industry on the production process and the exploitation of workers. Marx elucidates how the introduction of machinery revolutionized the mode of production, leading to a significant transformation in labor relations. As technology advanced, machines replaced…