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

  • Doubledee [comrade/them]
    ·
    3 months ago

    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 [he/him, comrade/them]
      ·
      3 months ago

      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.