Today we continue a series of discussions about the basics of Marxism, a method for understanding

and changing the world used by many of the great thinkers of modern history.

Today we'll discuss the theory of surplus value.

We need a new system.

We need a new society. We need to demand that which may have sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. Deepening unemployment, a looming wave of evictions, massive and widening inequality, a looming wave of evictions, massive and widening inequality, there's no denying it.

Capitalism is in crisis and capitalism is the crisis.

We're excited to have Professor Richard Wolfe join us again for our regular weekly segment where we talk about the biggest

stories related to the economy, the state of the working class, and the crimes of big business.

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Richard Wolfe is the co-founder of the organization democracy at work. He's the author of many

books. The latest being the sickness

is the system when capitalism fails to save us from pandemics or itself. You can check out his

work at rd-wolf.com. That's r d-w-o-l-ff.com. Professor Wolfe, welcome back. Thank you. Glad to be here. Thank you. Today we'll continue our

series. Last week we talked about monopoly, the trend or tendency towards monopoly replacing, but not

completely replacing so-called competitive capitalism. Today we're going to be talking about surplus value or what might

be called the primary source or one of the primary sources of profit under capitalism. In 1865,

Karl Marx delivered a lecture to a group of workers assembled by or organized by what was called the

first international, also known as the International Working Men's Association.

It was an international organization which aimed at uniting a variety of different left-wing,

...