Surplus Value explained simply:

Capitalism and Time

#Capitalism #labor #wages #wagework #surplusvalue #labortheoryofvalue

Link to reddit post: https://www.reddit.com/r/CommunismMemes/comments/1hk6l96/capitalism_and_time/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

#Capitalism #Capital #Marx #SurplusValue #PoliticalEconomy: "Since its first use, there was no shared definition of the concept of capitalism, and this difficulty did not even change later on when the term widely spread and gained its popularity. The works Modern Capitalism, by Werner Sombart, and The Protestant Ethic and The Spirit of Capitalism, by Max Weber, were both published at the beginning of the 20th century and meant to show–despite some differences–the essence of capitalism in the spirit of initiative, in the cold rational calculation and the systematic pursuit of personal profit, greatly contributed to the popularisation of this term. However, it was mainly due to the spread of the Marxist critique of society that the word capitalism–to which the Encyclopaedia Britannica did not dedicate an entry until 1922–gained its citizenship in the social sciences.

Moreover, after being left on the margins, when not explicitly rejected, of the theoretical discourse of the main currents of political economy, it was through Marx’s work that the concept of capitalism gained centrality even in this discipline. Rather than being conceived as a synonym for political decisions aimed at benefiting the ruling classes, through Marx it took on the meaning of a specific system of production, based on the private property of factories and the creation of surplus value."

https://www.frontierweekly.com/articles/vol-57/57-15-18/57-15-18-The%20Unusual%20Genealogy%20of%20the%20Concept%20of%20Capitalism.html

Fire your boss!