
By Freya B. You’ve probably heard the statistic that the minimum wage today in the united states is worth significantly less than it was in decades past. Although the minimum wage in the u.s. has steadily increased over time, this increase has not matched the rate of inflation, at least by some accounts. An estimate […]

Karl Marx’s research method in Capital has been equivocated by not only his predecessors, but also by Marx himself. The equivocation primarily arises from the absence of Marx’s own writing of the research method he employed in Capital. Marx did not expatiate upon his research method because Capital was written for the newly born industrial […]

Our recent release, The Weapon of Theory: A Maoist (Third Worldist) Reader, is now available both in print and as a free PDF. Next to Zak Cope’s Divided World, Divided Class: Global Political Economy and the Stratification of Labour Under Capitalism, The Weapon of Theory aims to be the definitive overview of the Marxist analysis […]

Class analysis is a central component of Marxist thinking. Knowing who our enemies and friends are is imperative if we communists are to move forward into the 21st century. An important aspect of class analysis is the question of exploitation. Exploitation is a condition in which value is extracted from a class of people — […]

The production of surplus value is directly related to the rate of exploitation of workers in the workplace (total surplus value divided by wages). There are essentially two ways to increase this rate. The production of absolute surplus value entails an increase in the amount of total value produced, usually by increasing the workday of […]

One of the most fundamental aspects of society is its economics system, i.e. the mode of production. At the basic level, a mode of production is the means (physical objects) and social relations with which societies produce the material necessities for their existence. All societies must be sustained with food, clean water, shelter, etc. Attaining […]

Contrary to popular ‘Marxist’ belief, the value of labor is not indeterminate. A simple equation dividing the total value produced in a given period by the total number of working hours reveals the value of labor. Unlike in Marx’s day when the total value produced in the world economy was unknown, today we can use […]
Over the course of my work, I have inferred that the general rate of exploitation has increased along with the development and maturation of capitalist-imperialism, thus forestalling the tendency of the rate of profit to fall while allowing a minority First World section of the working class to have a ‘cut’ in imperialist superprofits and […]
The July-August 2012 issue of Monthly Review1 centers around the publication of one of two missing chapters of Monopoly Capital: An Essay on the American Economic and Social Order2 by Paul Baran and Paul Sweezy. Anti-Imperialism.com earlier posted about this issue and the suggestion was made that individuals who are interested in the topic of […]
A model for how First World wages are based on Third World exploitation Days before his first trip to Cuba, Pope Benedict XVI stated that “Marxist ideology [sic] in the way it was originally conceived no longer corresponds to reality.” Left-leaning commentators concluded with, “says man in giant hat who speaks to invisible cloud people.” […]