We are reading Volumes 1, 2, and 3 in one year. This will repeat yearly until communism is achieved. (Volume IV, often published under the title Theories of Surplus Value, will not be included, but comrades are welcome to set up other bookclubs.) This works out to about 6½ pages a day for a year, 46 pages a week.

I'll post the readings at the start of each week and @mention anybody interested.

Week 1, Jan 1-7, we are reading Volume 1, Chapter 1 'The Commodity'

Discuss the week's reading in the comments.

Use any translation/edition you like. Marxists.org has the Moore and Aveling translation in various file formats including epub and PDF: https://www.marxists.org/archive/marx/works/1867-c1/

Ben Fowkes translation, PDF: http://libgen.is/book/index.php?md5=9C4A100BD61BB2DB9BE26773E4DBC5D

AernaLingus says: I noticed that the linked copy of the Fowkes translation doesn't have bookmarks, so I took the liberty of adding them myself. You can either download my version with the bookmarks added, or if you're a bit paranoid (can't blame ya) and don't mind some light command line work you can use the same simple script that I did with my formatted plaintext bookmarks to take the PDF from libgen and add the bookmarks yourself.


Resources

(These are not expected reading, these are here to help you if you so choose)

  • Harvey's guide to reading it: https://www.davidharvey.org/media/Intro_A_Companion_to_Marxs_Capital.pdf

  • A University of Warwick guide to reading it: https://warwick.ac.uk/fac/arts/english/currentstudents/postgraduate/masters/modules/worldlitworldsystems/hotr.marxs_capital.untilp72.pdf

  • Engels' Synopsis of Capital or PDF

  • Reading Capital with Comrades: A Liberation School podcast series - https://www.liberationschool.org/reading-capital-with-comrades-podcast/


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  • Kolibri [she/her]
    ·
    10 months ago

    I finished the chapter and reading back towards section 2 really helped made me better understand it I think. I still have to like process it all. I liked how Marx mention of like saying how like 20 linen = 1 coat, mainly more so how like, that mainly reflected itself? I almost typed Lenin instead of lenin. Anyways, it's that it's own value is only found in a relation with another commodity, being reflected. that relation value was really neat. But it reminded me of a video I watched, where the person talked about like, how she discovered herself more through others or like relations through others.

    anyways I was confused on something. Like from the footnotes? Mainly this part.

    "26. It is by no means self-evident that this character of direct and universal exchangeability is, so to speak, a polar one, and as intimately connected with its opposite pole, the absence of direct exchangeability, as the positive pole of the magnet is with its negative counterpart. It may therefore be imagined that all commodities can simultaneously have this character impressed upon them, just as it can be imagined that all Catholics can be popes together. It is, of course, highly desirable in the eyes of the petit bourgeois, for whom the production of commodities is the nec plus ultra of human freedom and individual independence, that the inconveniences resulting from this character of commodities not being directly exchangeable, should be removed."

    There was like more to it but I was more confused about that part? It was the footnote for this part in section 3 of chapter 1.

    "Finally, the form C gives to the world of commodities a general social relative form of value, because, and in so far as, thereby all commodities, with the exception of one, are excluded from the equivalent form. A single commodity, the linen, appears therefore to have acquired the character of direct exchangeability with every other commodity because, and in so far as, this character is denied to every other commodity"

    https://www.marxists.org/archive/marx/works/1867-c1/ch01.htm#26b

    I'm not exactly sure what that footnote is saying? Is that passage just saying like, not everything can be like a universal exchangeability and emphasizing that? with like that footnote emphasizing that with the example in it about like catholics and popes? I dont understand what is meant by poles, or like, near the end about

    "It is, of course, highly desirable in the eyes of the petit bourgeois, for whom the production of commodities is the nec plus ultra of human freedom and individual independence, that the inconveniences resulting from this character of commodities not being directly exchangeable, should be removed."

    I'm not sure what that passage exactly saying then maybe like, petit bourgeois want commodities to be directly exchangeable? and to remove to that general form of value or money value? or just like removing any inconvenience that rise from things not being directly exchangeable and nothing to do with like the general form of value and stuff? or I dunno.

    • Vampire [any]
      hexagon
      M
      ·
      10 months ago

      "26. It is by no means self-evident that this character of direct and universal exchangeability is, so to speak, a polar one, and as intimately connected with its opposite pole, the absence of direct exchangeability, as the positive pole of the magnet is with its negative counterpart. It may therefore be imagined that all commodities can simultaneously have this character impressed upon them, just as it can be imagined that all Catholics can be popes together. It is, of course, highly desirable in the eyes of the petit bourgeois, for whom the production of commodities is the nec plus ultra of human freedom and individual independence, that the inconveniences resulting from this character of commodities not being directly exchangeable, should be removed."

      This is saying that commodities have two things (poles):

      1. The one having the "character of direct and universal exchangeability", which is value. Value is interchangeable across various commodities

      2. The "opposite pole, the absence of direct exchangeability", which is use-value. Use-value is not interchangeable; a coat provides warmth; bread provides nourishment; those are not interchangeable.

      All commodities have the "character" of value "impressed upon them". The pope metaphor obscures more than it illuminates and I would've edited it out had I been the editor.

      The last sentence is saying that the petit bourgeois benefit from having an easy way to exchange things on the marketplace. If there were no universal measuring-stick (i.e. value) we would have to barter and a merchant/trading class couldn't emerge.

      "Finally, the form C gives to the world of commodities a general social relative form of value, because, and in so far as, thereby all commodities, with the exception of one, are excluded from the equivalent form. A single commodity, the linen, appears therefore to have acquired the character of direct exchangeability with every other commodity because, and in so far as, this character is denied to every other commodity"

      "a general social relative value of form" means value. It is "general" because it is common to all commodities. It is "social" because it is used to trade between people. It is "relative" because it is used to compare linen-to-coats not linen-to-linen.

      The bit you quoted is related to this other bit: "Since no commodity can stand in the relation of equivalent to itself, and thus turn its own bodily shape into the expression of its own value, every commodity is compelled to choose some other commodity for its equivalent, and to accept the use value, that is to say, the bodily shape of that other commodity as the form of its own value." Marx is saying that "all commodities, with the exception of one, are excluded from the equivalent form" meaning all commodities except linen are non-equivalent to linen. The linen "acquired the character of direct exchangeability with every other commodity" by getting value on top of its use-value.

      • Kolibri [she/her]
        ·
        10 months ago

        ooh, okay! That makes a lot more sense, thank you! that really helped explain things better.

    • Vampire [any]
      hexagon
      M
      ·
      10 months ago

      20 yards of Lenin = 1 Ta-Nehisi Coates