It is well-understood in Marxist theory that capitalists can extract more value from the labor process by increasing the rate of exploitation. However, a later contribution made by Ruy Mauro Marini explored the possibility of capitalists paying workers less than the amount needed for reproduction. This super-exploitation plays a key role in the contemporary global economy and reflects a stark gap between the Global North and the Global South.
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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:soundcloud.com/charles-tristan
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MarxistProject
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References:
Marini, Ruy Mauro (2022). The Dialectics of Dependency. Ed. by Jaime Osorio. Trans. by Amanda Latimer. Monthly Review Press.
Karl, Marx (1993). Grundrisse: Foundations of the Critique of Political Economy. Trans. by Martin Nicolaus. Penguin Classics. Penguin Books.
Osorio, James and Cristobal Reyes, eds. (2023). Labour Super-Exploitation, Unequal Exchange and Capital Reproduction: Writings on Marxist Dependency Theory. Vol. 4. Debates and Alternatives for Social Change. Columbia University Press.
Smith, John (2016). Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis. New York, NY: Monthly Review Press.
Suwandi, Intan (2019). Value chains: the new economic imperialism. Monthly Review Press.
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00:00 - 00:13 Intro
00:14 - 01:58 Rate of Exploitation
01:59 - 04:15 Super-Exploitation
04:16 - 04:37 Global Labor Arbitrage
04:38 - 05:51 Exploitation of Southern Workers
05:52 - 06:29 Labor Aristocracy
06:30 - 07:08 Capital vs. Labor
07:09 - 07:41 International Class Struggle
07:42 - 07:57 Outro