Hop in, comrades, we are reading Capital Volumes I-III this year, and we will every year 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. Let me know if you want to be added or removed.

31 members! Excited to see this taking off, and proud of us for making it thus far. We have now read ¹⁄₁₈ of Volume I. The first three weeks are the densest, onwards it's smooth sailing and only needs about 20 minutes a day. We're gonna make it, comrades!

Week 2, Jan 8-14, we are reading Volume 1, Chapter 2 & Chapter 3 Sections 1 & 2.

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: https://libgen.is/book/index.php?md5=AA342398FDEC44DFA0E732357783FD48

(Unsure about the quality of the Reitter translation, I'd love to see some input on it as it's the newest one)

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. Also, please let me know if you spot any errors with the bookmarks so I can fix them!


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/


2024 Archived Discussions

If you want to dig back into older discussions, this is an excellent way to do so.

Archives: Week 1Week 2Week 3Week 4Week 5Week 6Week 7Week 8Week 9Week 10Week 11Week 12Week 13Week 14Week 15Week 16Week 17Week 18Week 19Week 20Week 21Week 22Week 23Week 24Week 25Week 26Week 27Week 28Week 29Week 30Week 31Week 32Week 33Week 34Week 35Week 36Week 37Week 38Week 39Week 40Week 41Week 42Week 43Week 44Week 45Week 46Week 47Week 48Week 49Week 50Week 51Week 52


2025 Archived Discussions

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 ) (Note: Seems to be on hiatus for now) which may fit your schedule better. The idea is for the bookclub to repeat annually, so there's always next year.

Week 1

  • Sebrof [comrade/them, he/him]
    ·
    12 hours ago

    I really appreciate your comments, and I like the idea that is by the concrete formation of money in exchange, that the abstraction of value becomes real (if I'm understanding that correctly).

    I don't know if this is a term Marx uses, or if I got it from Harvey, or etc., but I like to think of it as a real abstraction. As in, the actual real act of exchanging of commodities through money is what is doing the abstraction. Abstract labor is a real abstraction because Capitalism makes this abstraction. Value becomes a real abstraction because of the concrete nature of exchange.

    Perhaps I have some misunderstanding of myself, though.


    What you have been writing reminds me of an article I've read by Ian Wright. I'd like to share it, and get your or other's opinions on it.

    Ian Wright - What is Abstract Labour and Who Does the Abstracting

    The article is about seeing Capitalism as a control system which controls, regulates, and does the abstracting through feedback loops. He later compares capital to an egregore, which is a fun analogy (and why the blog is called Dark Marxism in the first place).

    The abstraction is not ours because our cognition is not performing the abstraction. We are not the abstractor. Instead, the mysterious abstractor is taking the measurements about labour time and connecting the form of value, which is money, to its content, which is abstract labour.

    The details get more into what Capitalism is as a system, and we aren't at that point yet in Marx's work. Capital is what creates exchange value, and is what makes abstract labor. If already familiar with capitalism, then the description is not new, but the recontextualization of thinking of it as a control system, or even an egregore is still illuminating.

    Wright starts by sharing your concern

    that Marx’s argument — for the proposition that the special common property shared by all commodities is labour — is unsatisfactory.

    While your solution is to go forward with finding how money concretely makes this abstraction in exchange, Wright takes a similar approach but also goes beyond exchange and talks about capital's profit maximization as the abstractor which makes abstract labor a real abstraction.

    So capital controls concrete labour, the real labouring activities of the working population in all their diverse manifestations. And capital controls actual labour-time... It is capital itself that holds a metaphorical stopwatch in its hand, measuring and accounting, and judging and condemning...

    And the goal of capital is to convert concrete labour into abstract labour, into the kind of labour that both fits into the division of labour, so it can be exchanged against other labour ... in order to yield profits for the capitalist firm...

    In other words, “abstract labour” is manifested, brought into reality, by capital itself. Maximising profit is identically the process of maximising the manifestation of abstract labour out of concrete labour.