https://www.linkedin.com/posts/rpetersen_85-of-container-ships-that-wouldve-transited-activity-7149427089081778176-sNCX?

  • star_wraith [he/him]
    ·
    10 months ago

    Fascinating to me that this all happening as I am reading the first few chapters of volume 2 of Capital. It’s all about the circulation of commodities i.e. what commodities do after they are produced, and then how the money from the sale of those commodities goes back into production. A key point Marx is hitting on in chapters 5 and 6 is that the faster you can circulate commodities, the more surplus value in total is created. So conversely, a slowdown in circulation - like the transportation of commodities taking a whole lot longer to get from A to B - can be a massive reduction of surplus value. Maybe firms aren’t feeling the pain yet but they will soon. Should get interesting.