Tag: Labor Value
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Part 17: Unveiling Exploitative Practices: The Digital Economy’s Different Forms of Relative Surplus-Value
Karl Marx’s analysis of different forms of relative surplus-value highlights the exploitative practices prevalent in capitalist systems. In today’s digital age, these forms extend beyond traditional labor practices to include the unauthorized use of personal data, information, and privacy by big tech companies. This blog post delves into the various manifestations of relative surplus-value within…
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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…