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Billions must read!

It is true that labor produces for the rich wonderful things – but for the worker it produces privation. It produces palaces – but for the worker, hovels. It produces beauty – but for the worker, deformity.

By Nature man is not what he ought to be; only through a transforming process does he arrive at truth.

Elon Musk has become the world’s first trillionaire – at least on paper – after launching SpaceX as a publicly traded company. The rocket and AI firm’s initial public offering (IPO) was listed on the Nasdaq stock exchange with a valuation of $1.77tn - although some analysts have warned it is dangerously overvalued. SpaceX was founded in 2002 as a rocket manufacturer but Musk has since folded in several of his other businesses, including satellite and internet provider Starlink, social media platform X and his artificial intelligence company xAI. While the company generated revenues of $18.7bn, the firm posted a net loss of nearly £4.28bn last year on the back of heavy capital spending on its AI infrastructure. Musk already held the title of world’s richest man, with his net worth before the IPO estimated at $696bn, according to the Bloomberg Billionaire Index. The SpaceX founder and CEO is the company’s biggest shareholder with around 40% of its equity capital and approximately 80% of the voting rights. At the IPO price of $135 per share, his combined shares and options are valued at roughly $866bn - meaning he was likely to pass the $1tn mark even if the share price fell after opening. Having a trillion dollars is the equivalent of receiving $56,345 per hour since the birth of Christ. A new Oxfam analysis reveals Musk is now richer than the poorest 46% of the world population, or 3.8 billion people, combined. “Musk’s wealth grew by over $550bn over the past year, equivalent to an average rate of over $1m per minute,” the charity said. Nabil Ahmed, senior director of economic justice at Oxfam America, said: “A trillion dollars in the hands of one man is incompatible not only with an affordable economy, but also with a healthy democracy. “Economic inequality begets political inequality, and ordinary people bear the brunt while billionaires continue to write the rules for their own benefit.”

Elon Musk being the first trillionaire is a symptom of capitalism. The motor of capitalism is capital accumulation through workers' alienated labor. The accumulation of capital in the top 1% proportional to accumulation of misery among workers.

SpaceX just went public. Elon Musk is using your retirement savings to become the world’s first trillionaire.

BREAKING: Elon Musk has become the first trillionaire in history.

A quem puder interessar: Amanhã vou estar discutindo o humanismo marxista acompanhado do prof. Kevin B. Anderson, da profa. Joeline Rodrigues e do companheiro Lyndon Porter, numa reunião aberta da @IMHOJournal25 Agradeço quem puder compartilhar e participar!

In Capital Volume 3, Marx identifies two characteristics of capitalism: (1) generalized commodity production (1st screenshot) and (2) the production of surplus-value as the aim and motive of capital (2nd screenshot). Source: marxists.org/archive/marx/wo…

Here Marx is talking about the general value-form. His point is that the value of any random commodity (e.g. linen) can be expressed in terms of other commodities. All commodities are commensurable with one another in terms of value (abstract labor).

The value of a commodity, the linen for example, is now expressed in terms of innumerable other members of the world of commodities. Every other physical commodity now becomes a mirror of the linen’s value.

"The criticism of religion ends with the teaching that man is the highest essence for man – hence, with the categoric imperative to overthrow all relations in which man is a debased, enslaved, abandoned...." - Marx

"The reality, which communism is creating, is precisely the true basis for rendering it impossible that anything should exist independently of individuals, insofar as reality is only a product of the preceding intercourse of individuals themselves." - Marx & Engels.

We recently published a statement by the Syndicate of Workers of Tehran and Suburbs Bus Company about the war on Iran. Please check it out! imhojournal.org/articles/on-…

20 yards of linen = 1 coat

The claim that Vol III “destroyed” Vol I is not a critique of Marx. It is a confession that the critic has not understood the object of Marx’s theory. Marx never said individual market prices equal individual labour-values. He explicitly denied that. Here we go again… 🧵