In this episode of Marx in Minutes, we look at Chapter 9 of Capital (Chapter 7 in the Paul Reitter edition). We set aside constant capital and focus instead on variable capital and surplus value. Together, these make up the new value created by labor in the production process. We consider how this new value is split between workers and capitalists. -------- The Marxist Project is a proud member of Means TV. You can now support our channel by following this link and subscribing Means TV's excellent collection of anti-capitalist media: https://means.tv/orders/customer_info?o=70845&d=MARXISTPROJECT By using our code, MARXISTPROJECT, you will get a discount on the first month (or year!) of your subscription. -------- Narration, script, and editing by M. Animated intro by Jack, co-host of the Auxiliary Statements podcast @AuxStatements on Twitter. Intro music by Charles Tristan:https://soundcloud.com/charles-tristan ------- Patreon: https://www.patreon.com/themarxistproject Twitter: https://twitter.com/MarxistProject -------- References: For this video, refer to the latest (2024) Paul Reitter translation of Capital. -------- 00:00 - 00:16 Overview 00:17 - 00:31 Intro 00:32 - 01:00 Prices and Values 01:01 - 02:50 Production Example 02:51 - 03:12 The Rate of Surplus Value 03:13 - 03:20 Necessary and Surplus Labor Time 03:21 - 04:05 Variable Capital 04:06 - 04:55 Measuring the Total Product 04:56 - 06:21 New Value and Old Value (Senior's Mistake) 06:22 - 06:42 Battle Over the Length of the Workday 06:43 - 07:34 Support Means TV