This time we’re reading chapter 7 of Capital Volume 1. Participation welcome at any time, not just on the weekend of week 14, either in this thread or in our Matrix room (see this post for instructions on how to join)

  • Some questions for this chapter:

    1. Recap question: what is valorization?
    2. What is labour?
    3. Define and give examples of raw materials (Marx’s definition).
    4. Define and give examples of instruments of labour.
    5. Give an example of something usable as both raw materials and an instrument of labour in the same production process.
    6. Give examples of industries in which raw materials are not used.
    7. Give examples of items that are simultaneously ready for immediate consumption and usable as raw material.
    8. What are the means of production of a society?
    9. What does consumption of means of production entail, for each category?
    10. From a capitalist’s perspective, what are labour and labour power?
    11. Why does a capitalist want to create use values?
    12. In terms of value, what is the purpose of raw materials?
    13. What is the source of all surplus value, and why?