Guzarish’s Reviews > Consequences of Capitalism: Manufacturing Discontent and Resistance > Status Update
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The major idea introduced in the second chapter was Marx's idea of commodity. It consists of two parts: use value and exchange value. Waterstone outlines how there are two sources where money goes: one in buying inputs or means of production i.e. machinery and other resources, and teo is the cost of labour power or the salary of the individuals defined by the average wage or the basket of commodities necessary.
— May 10, 2025 11:14PM
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May 10, 2025 11:25PM
He next outlines how profit is made by the mechanism: M-> C-> C'-> M'. The difference between M' and M is the surplus. He discusses how for M' to lead to an increase in the money it exploits workers. How the required number of hours to produce C' is far lesser than the number of daily working hours of an individual which is what in turn creates the surplus, the additional amount of work done under the pretense that it is paid work but in reality, is unpaid labour. This particular idea, more than the others was the most eye-opening to me. Makes me want to read more about how the hegemonic common sense makes us believe that this agreement of "salaried" labour for making profits for the borgouise is done voluntarily by the proletariat. This pretense that the worker has the right to choose to hand over their labour power in the same sense that the rich and the poor have an equal right to sleep under the bridge.
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