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New Canadian International Labour 10-Minute

150 Years of Marx's Capital

19 March 2017.


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This is a collection of videos dealing with Karl Marx's Capital: A Critique of Political Economy. This playlist starts with an audio recording of Capital Volume 1. And here's a link to the text of Capital.

It is 150 years since Karl Marx published the first volume of Capital: A Critique of Political Economy in 1867, with the two subsequent volumes coming out under the editorship of Friedrich Engels over the next decades. As its subtitle suggests, Capital is a masterful appraisal of the ‘vulgar’ defences of capitalism focused on exchange and markets and the more ‘scientific’ accounts of classical political economy highlighting the production of an economic surplus and its distribution between the social classes. Capital is, however, foremost a dissection of the historical social relations and mode of production of capitalism. From its initial publication, Marx's Capital steadily gained prominence as the indispensable point of departure for understanding the inner workings of the capitalist system – its modes of exploitation and appropriation of the economic product produced by the working classes, the relationship between the workday, the wage and the social reproduction of the working class family, the continual drive toward technological change, the production of armies of surplus labour, and the social forces polarizing the accumulation of wealth on the one side and poverty on the other. These themes and concepts remain critical guides to understanding our times and the contradictions lived daily under neoliberal capitalism. It is hardly necessary to point out their relevance for dispensing with the theoretical schemas that dominate the bourgeois media and the economic policies of capitalist states. If capitalism has considerably evolved since Marx’s time, Capital retains its importance as a theoretical testament to the unfreedoms, inequalities and crises produced by capitalism and a political manifesto for a democratic socialism as the necessary route forward.

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Global Intern Strike!

20 February 2017.


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On February 20th, young people across the world will come together to push for an end to the exploitative and exclusionary practice of unpaid internships. Decentralised actions will take place in a range of cities, to call on employers and leaders to ensure that quality intern opportunities are paid and accessible to all - regardless of their socioeconomic background.

There is an increasing tendency around the world to hire interns, often without pay and with very little possibility of achieving a real education or a stable job. In the last few years, the rise of the intern economy has attracted the attention of journalists and activists; sociologists, however, are still paying inadequate attention to this phenomenon and its causes. This inattention contributes to a growing ambiguity surrounding the term ‘internship’, making it difficult to understand its aims and to evaluate its abuses. In other words, sociological analysis is very much needed not only to explain the explosion of the intern economy, but also to develop a critical compass to raise awareness about the uses and abuses of internships.

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If You Don't Understand the Second Product, You Understand Nothing About Marx's Capital

Athens — 14 January 2017.


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The following talk was given at the International conference “150 years Karl Marx's Capital - Reflections for the 21st century” held in Athens, Greece on January 14-15, 2017. Organized by the Rosa Luxemburg Stiftung - Athens Office in cooperation with Theseis, the conference discussed the actuality of Marx's theoretical system of the critique of political economy 150 years on from the publication of Capital Volume I.

In this presentation, Lebowitz notes: “Unfortunately, for many who have followed Marx in name and others who never pretended to do so, there is only one product – the change in circumstances, the change in the object of labour. The second product – the change in human beings, the change in the subject of labour – is ignored. The political effects of this blindness can be seen everywhere. In the countries of ‘real socialism’ where the absence of self-government and self-management produced a working class with neither the capacity nor the will to prevent the restoration of capitalism. In the social democrats who, convinced that they are cleverer than capital, use the strength of the working class as a credible threat in their negotiations rather than as a force to be built and built and, accordingly, emerge from the most disgraceful defeats as immaculate as they were innocent. In political parties of the left which, rather than treating social movements as multiple sites for developing the capacities of the working class, view them as fertile ground for the recruitment of cadres for their disciplined phalanxes and celebrate in their solitary gatherings the distilled purity of their brands and their preparedness for the next October. It is not only political practice, however, that has suffered from the eclipse of the second product. Without an understanding of the centrality of the key link between human development and human capacity, we are blind to the limitations of Marx's Capital.”

Michael A. Lebowitz is professor emeritus of economics at Simon Fraser University in Vancouver, Canada, and the author of The Contradictions of “Real Socialism”: The Conductor and the Conducted, The Socialist Alternative: Real Human Development, Beyond Capital: Marx's Political Economy of the Working Class, Build It Now: Socialism for the 21st Century and Following Marx: Method, Critique, and Crisis. His latest book is The Socialist Imperative: From Gotha to Now.


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