dewinthemorning | Karl Marx - Labour Power Is a Commodity @dewinthemorning | Uploaded July 2010 | Updated October 2024, 2 hours ago.
Marx discovered that labour is the only thing that produces exchange value. He also discovered that the worker doesn't sell his actual labour, he sells his labour power. Labour power itself becomes a commodity and is sold to the capitalist. The capitalist uses this labour power to produce the value of the labour power itself (the commodity he has bought), and he uses this labour power to produce more value, which he appropriates himself. This is surplus value, which is unpaid for. it constitutes profit for the capitalist. It can be used to accumulate capital. This is the secret of exploitation.
Marx discovered that labour is the only thing that produces exchange value. He also discovered that the worker doesn't sell his actual labour, he sells his labour power. Labour power itself becomes a commodity and is sold to the capitalist. The capitalist uses this labour power to produce the value of the labour power itself (the commodity he has bought), and he uses this labour power to produce more value, which he appropriates himself. This is surplus value, which is unpaid for. it constitutes profit for the capitalist. It can be used to accumulate capital. This is the secret of exploitation.
