Capitalist valorization extends beyond monetized labor to the conditions of production themselves
Evidence
Capitalism here aims at the state in which, as Marx (Capital, vol. I, 952) put it, “All the means of labour … now also serve as ingredients in the valorization process. Where they are not converted into actual money, they are converted into accounting money.” We are arguing, however, that the “means of labour” include both labor itself, with its means of reproduction, and the expanding conditions, or factors, of production. — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 743
Categorization
- QUESTION: Worth chasing: how exactly do the authors distinguish their expanded account of ‘means of labour’ from standard Marxist accounts that already treat means of production as valorization ingredients?
- XREF: connects to: Capitalism profits most by leaving parts of the production chain uncommodified; Capitalism now annexes life processes beyond labor, which orthodox labor-centered Marxism cannot explain. — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 143
Broader Connections
- Capitalism profits most by leaving parts of the production chain uncommodified
#corroborates(0.90)