So, Carl Marx is almost certainly the most famous communist of all time, and if anyone talks to you about communism, most likely there'll be some connection between what they're talking about and Marx's ideas. But as Keelan just said, Marx wasn't born a communist, and communism in general existed quite a long time before Marx was even born. So how is it that Marx became a communism first of all, perhaps more importantly, how did he change communism forever? So I'm going to start by giving a little bit of a historical context into the world into which Marx was born. Marx was born in Trier in West Germany on the 5th of May 1818. Now, Trier had experienced the storm and stress of the French Revolution, the Revolutionary wars, and the Napoleonic wars. It had been occupied by French forces, but then it had actually fallen under the rule of the Kingdom of Prussia after the defeat of Napoleon and the re-establishment, the restoration of absolutist rule in Germany, of course in Russia, under the Holy Alliance, and the restoration of the Old Bourbon dynasty in France. This meant that Marx was born into a period of political reaction, repression, censorship. At the same time, Germany didn't exist in a vacuum, and you had the rise of industrialisation and liberalism in countries like England, France. The 1830 revolution was watched with sympathy by a number of German middle-class liberals, including Marx's own father, Heinrich. Marx's father had converted from Judaism to Protestantism in order to avoid repression under the Prussian absolutist state, and he actually held a private celebration for the July Revolution in 1830. Only a private one, though, because he didn't want to draw too much unwanted attention. So he had a period in which under the surface of apparent stability, semi-feudal stability, he still had feudal property in much of Germany, he still had serfdom in parts of the country, and this gigantic absolutist bureaucracy ruled over by King Frederick William IV of Prussia. But under the surface, you actually start to have economic development and transformation just beginning to take place. Certain economic reforms like the formation of an all-German customs union and tariff barriers to protect just the emerging nascent German industry have started to create a bourgeoisie proper, although this was a small and scattered around the country. This bourgeoisie was starting to look with sympathy to the more advanced countries trying to basically appropriate their ideas. But this was in conditions of relative to Europe at the time, to the more advanced capitalist countries. Extreme backwardness, Marx joked that Germany shared the restoration, that is the counter-revolution of the modern nations without sharing its revolution. It hadn't achieved any of the tasks of the bourgeois democratic revolution, it was only on the threshold of capitalist development and yet it had a restored absolutist monarchy and the repression that all of the countries were going through. So this was a great contradiction really that Marx grew up with as a child. At the same time, the increasing power of the market was starting to intertwine with feudal property. The feudal lords were enclosing peasants' lands and then using the law to force peasants who were stealing from their lands, stealing from their land, to work on their lands like a new form of serfdom. Capitalism and feudalism were starting to intertwine and Marx again witnessed this. Marx's own father actually represented defended peasants who were being prosecuted under these laws and it must have had an impact on the young Marx. So this was also the but at the same time that the the German middle class was looking to places like France and England, looking to liberalism, but without the class basis to actually apply this in a political movement. There were no, there wasn't even a bourgeois political party. Liberalism was only really just coming into being in Germany and so Marx makes the point that actually all these ideas aren't digested as political ideas, they're not put into practical application, instead they're received in their kind of pure form in the form of philosophy and he actually said that Hegel's philosophy of right of the state was simply this, it was taking foreign liberalism and expressing it as this kind of pure absolute moral idea. This is the intellectual environment into which Marx emerged really. He first started going to university in Bonn, it's where he also began his relationship with Jenny von Westfalen, but he was he was obviously enjoying the student life a little bit too much and eventually was sent to university in Berlin. This is the university of Hegel and Hegelianism. Interesting fact is initially Marx didn't like Hegel, he resisted Hegel because he complained about the craggy melody of his writing so it seems that Marx found Hegel as difficult to read as the rest of us did and he resisted it and instead he he took up other famous German philosophers like Kant and there's a fascinating letter that he writes to his father at the age of 19 in November 1837 in which he says he talks about there are moments in one's life which are like frontier posts marking the completion of a period but at the same time clearly indicating a new direction. At such a moment of transition we feel compelled to view the past and the present with the eagle eye of thought in order to become conscious of our real position and I quoted that in full because this is something that Marx comes back to. This is a process that Marx goes through several times throughout his life. You have you see these important staging posts in his journey if you like towards revolutionary communism and Marxism which I'll try to draw out in this introduction but at this staging post Marx talks about how he threw himself into his studies and what he tried to do, he was studying law, he tried to compile a complete system of law and what that meant in Germany in the early 19th century was a metaphysical system. First he deduced a number of logical categories that apply to all legal systems of all time, the essence of law if you like. He then researched thoroughly cases, legal history, he tried to absorb the subject matter which is again a constant throughout Marxist life. He dives into the subject matter and he tries to make the fact he's just learned fit to this system that he just developed in pure thought and he writes to his father basically saying it was everything I'd done was rubbish. You can see the despair in his writing. He'd spent a year written 300 pages and he said it was a complete nonsense but he discovers already at this young engine he discovers the limitations of idealism he says that here above all the same opposition between what is and what ought to be which is characteristic of idealism stood out as a serious defect. The mistake lay in my belief that matter and form can and must develop separately from each other. Every time he was trying to apply this metaphysical method that he himself said was inspired by Kant he was getting nowhere and so reluctantly he had to turn to Hegel and he says in a period in a period of long illness he read all of Hegel that's when he dived into Hegel maybe that's the best way to read Hegel and he was completely convinced but what I find fascinating so Hegel was also an idealist but Marx is approaching Hegel from the standpoint of rejecting idealism and metaphysics what he took what he was inspired by in Hegel was this idea of seeking the idea in reality itself there's a famous expression from Hegel the truth is concrete so Marx who was not yet an explicit materialist was approaching Hegel to a certain extent in materialist fashion wanting to actually dive into and understand reality and again this is an absolute constant throughout his life. When he encounters Hegelianism he also encounters what he refers to as a doctor's club what we know as the young Hegelians or left Hegelians these were some older than Marx but these are students people have already acquired their doctorate essentially I mean really liberal academics what made them left Hegelians was not that they were socialists or certainly not communists it was that in contrast to the kind of official right to Gaelians who were on behalf of the Prussian state trying to force Hegel Hegel's philosophy to support the state church the absolutist bureaucracy saying that this is basically the end point of all historical development the younger Gaelians were saying no actually in Hegel's philosophy there is a constant change in a transformation politically though they weren't revolutionaries they were in favour of a constituent a constitutional monarchy and the way they wanted to carry this out was that they would get jobs in universities in the state bureaucracy which was extremely large and fruitful area of employment at that time and they would mould the nation they would transform the nation through thought and Marx seemed to he writes to his father saying that's the career I want to take unfortunately for him but fortunately for us the Prussian state did not agree with that career path and the the censor prevented all of the young Hegelians from getting professor positions which meant that the young still I would say liberal Marx decides to take up journalism and he gets involved in the Rheinescher Zeitung that is the the Rheinland times which he eventually becomes the editor of the this is at the age of about 23 in 1842 and at this time he's again he's not a communist you describe him as a radical liberal or maybe a left liberal he talks about free speech he writes a free speech the free press is the characterful rational moral essence of freedom not really the Marx that we know still very Hegelian in its treatment but you can still see his sympathy for the poor and his indignation at the the grasping looting of the landowners and the rich he writes an article about the debates in parliament about what laws over the the picking up of wood that's fallen from the landowners forests and at that time it's clear that he has encountered some socialist ideas and he's probably read prudence what his property which was released in 1840 at this point because he says if every violation of property without distinction without a more exact definition is termed theft will not all private property be theft he starts to talk about how the rights of the landowners are really just a kind of irrational but imposed by the state whereas the rights of the poor are rational natural but are neglected by the state but he's still a liberal at this point and this time he's trying to mould and transform society through journalism through public opinion a very common liberal day at the time but again this push and sensor pops up and puts pressure on the paper tries to censor the paper over this wood article this this was the controversial article marks refuses to back down or tone down his material the shareholder starts to panic a mark marks actually resigns from the rhinosh's item rather than accept any censorship one thing i should mention before we move on is that mark there's an interesting article in which marks is the editor of the paper explicitly rejects communism it somebody accuses the paper of communism because they published another article by a communist writer and marks in this he says um the the rhinosh's item does not admit that communist ideas in their present form possess even theoretical reality and therefore can't even consider it possible but he adds we will subject these ideas to a thoroughgoing criticism and it was that thoroughgoing criticism that led to marks eventually becoming a communist effect in his intellectual development and so being being blocked by the push and sensor again another we see this intellectual conscientiousness wanting to dive into and grasp reality we see this indignation at the the suffering of the oppressed and the robbery of the property honest but we also see this iron determination which never leaves him that every time he encounters a block and a limitation rather than just accepting it or backing down if anything he becomes more determined and more belligerant to overcome that limitation as a result he leaves prussia he spends a short period of time in switzerland and then ends up in france in october 1843 and it's at this point that we can speak of marks becoming a communist of sorts and embracing communism but when i say marks becomes a communist i don't mean he becomes a marxist what i mean is that he encounters the various schools of french communism and socialism that were exploding onto the scene in the 1840s there was a really vibrant scene if you like it reminds me a little bit there's one parallel in the the current popularity of the word communism at least some communist ideas now millions of youth all over the world are embracing communism in one form another well in the 1840s you had papers journals circulating amongst hundreds of thousands of people in france especially in the working class concentrated not only but concentrated in paris the most popular communist probably in the world at that time was a guy by the name of etienne cabet etienne cabet was a a classical utopian communist explicitly he said he wanted to found utopia he was inspired by reading thomas moore's utopia when he spent time in england he also read robbertoin i'm not going to be able to go into detail about what i've been robin i'm going to confine myself to the friendship bit but he actually he his his communism called icarian communism because he wrote a novel it was a fictional account about a traveller who discovers an undiscovered island called icaria where everyone lives under communism very much like moore's utopia if you if you ever read it but he started publishing an almanac but a journal expounding these communist ideas which had a circulation of about 500 000 in in 1843 so this is popular stuff but still of quite a mystical utopian nature but on the front page of this of this almanac i thought you'd be quite interested to learn that the the main slogan that he put forward was from each according to his ability to each according to his need you might recognise that from marx's critique of the go to program where he explains that the the absolute the end principle of the higher phase of communism is precisely that cabet coined that phrase he didn't come up with the idea though because french communism has an even longer pedigree than that a guy by the name of morally um in the mid 18th century actually took enlightenment ideas about the state of nature natural law and so on and came to the conclusion that the natural state of human beings is communistic and therefore private property is against human nature is wrong and the correct natural moral way to live is a communistic way in which he started to put forward the ideas that everyone would contribute what they can everyone would be maintained by the the public good and there would be no private property whatsoever except for the fulfilment of personal needs you know your food your toothbrush that kind of thing many of these ideas will be familiar to these are the basic ideas of communism however this communism it had an idealistic character is human nature is communistic therefore we must have communism there's no real social development there's no question of the productive forces at this point um it also has yeah it has a utopian moral element and it also has a spartan element and we see this these ideas develop after the french revolution um as a trend after the kind of the the defeat and the disappointment of the highest phase of the revolution with jackabins you have what's called the conspiracy of the equals in 1796 led by a man who named himself gracus at the tiberius gracus in ancient roman history uh gracus bebuff this conspiracy the equals called for the abolition of private property the abolition of inheritance and any basically individual privilege whatsoever and an absolute leveling an absolute equality they said that the democratic rights of 1789 were not enough what we knew was absolute equality again so the idea of extreme republicanism revolution insurrection communism there are trends here that you can detect in marxism later on but there's there's something that marx rejected all these communists that's why i said they had no theoretical reality because there was no development here and actually the the the bebuffists rejected things like art if they said we have to get rid of art and culture and so on in order to have equality than so be it and marx rejected that i call it barracks communism in other words it to it tended to have more in common common with uh primitive communism than it did with the modern communism that marx eventually embraced marx was arguably so he took he took ideas from these communists but he was arguably more influenced by the the socialists actually even though at this time he never called himself a socialist he always referred to himself as a communist but he was heavily influenced by socialists especially san simon and and also shall furie now san simon and furie were both dead by the time marx arrives in paris they both died in the 1820s interestingly they were not popular at all san simon was so disappointed that his ideas weren't spreading he shot himself he survived the suicide attempt but i think what you can get from that is he didn't lead this mass movement at all he did have a handful of disciples effectively but he didn't have a mass movement furie stopped writing in the 1820s because he thought nobody wanted to hear it and yet these two men became probably the most influential men in french socialism in the 1840s and had a direct impact on marx's ideas i don't really have time to go into detail which is a great shame because i actually have tons of notes on san simon in particular but one thing that there was actually something more scientific about their still rather utopian socialism than the communists the communists were basically like we need to live under absolute equality let's just have it either by insurrection or by setting up communes uh you know cabe wanted everyone to move to america set up frontier colonies where everyone lives in absolute equality and they did they all failed although one actually managed to establish the oldest winery in illinois so there you go the heritage of of communism in america in the united states um so it has this utopian character san simon i know we referred to san simon as utopian but basically san simon took all of the science including the the science of political economy from adam smith he was greatly inspired by the french revolution the american revolution and the works of adam smith and isaac newton in england in england or sorry britain including scotland he referred to adam smith at the immortal adam smith he wanted to establish a european wide government he wanted to unify the european continent and he wanted to establish a european wide government which he would call the council of newton established by a universal suffrage he basically believed in bourgeois science and what he said is on the basis of the development of bourgeois science you would eventually come to a point where there'd be no need for any state because the state as he explained is required for holding down the oppressed you needed that under feudalism because society and civilization as he put it was not yet mature enough he compared it to childhood that the child needs like a parent or a teacher to instruct him the feudal state for him was like that but now in what he called industrial society you never use the word socialism industrial society you would have a situation of statelessness and basically a technocracy of enlightened industrialists artists scientists and bankers interestingly who would basically plan the economy so we're talking about a planned economy but he doesn't talk about the abolition of private property he doesn't talk about socialism in other words this and he was writing this in about 1802 i mean then he wrote later so he's writing this in a time when industrialisation in france hadn't yet begun so he's viewing industrialisation from the outside and basically rationalising capitalism as it's coming into being in a kind of a utopian form so really this ideal society that samsymon is talking about is industrial capitalism but he thinks it's going to solve all the contradictions of capitalism his followers later on after his death i mean they split some went off in it because he started developing very mystical ideas about the new christianity he also started to embrace the cause of the proletariat he said that the purpose of all this all of his ideas is to improve as quickly as possible the condition of the proletariat however he explicitly rejected revolution it was never about workers power he said i'm addressing this to you the industrialist the capitalist the bankers because you need to govern society in order to help the proletariat so this is entirely reformist and many french liberals were directly influenced by samsymon his ideas contain the embryo of small state liberalism he said but not not of the thatcherite variety because he says he said you can have a small state by cutting the state bureaucracy cutting the army to nothing and using the money to help the poor the reason that his ideas are now known as socialism is superficially because one section one section of followers went off on a search for the female messiah which he predict like a dune style crusade which didn't go anywhere another set of his followers took over a liberal paper called the globe and transformed it into a samsymonian socialist paper and the first person at least i'm aware of to use the word socialist is um in french at least is paul the ru who was the editor of the globe they rejected competition capitalist competition and they said basically we need to have a scientifically planned economy for the benefit of the proletariat but without revolution without workers power but so the scientific element here is the recognition that industry lays the basis for the abolition of the state and oppression and equality and so on not just let's just erase everything or level everything and marx was more keen on that idea than the utopian or republican communists the utopian element is that this this is achieved under capitalism by the capitalists thinking it's a good idea to basically eliminate the source of their profit that was completely utopian and the reason it became socialist is because these ideas of industrial society were completely in contradiction with the real interests of the real capitalist class but this had a major impact on on french socialists another i'm running out of time already but another very influential french socialist is charles fourrier now charles fourrier was a very talented writer and he basically dealt with all of the bitter contradictions and hypocrisies of capitalist society one thing that he was particularly strong on was the question of the family he condemned marriage as an institution he put forward an idea of a society in which women were completely free of men you had no marriage you had again similar to the ideas at least the conclusions put forward by engels without the same level of scientific research that went into it again it was a bit of a a moral idea that he saw the oppression of women he was he's thought to be the first person to coin the term feminist at least in french he called himself a feminist and he said that the basis of progress is the the the conditions of the female sex um and that had a bit more majorly influential impacts on marx and engels ideas you'll notice that in the communist manifesto they talk about the abolition of the family long before engels origin of the family it came from fourrier they didn't just suck it out their thumb again it was more scientific than the communists because they talked about stages in society again similar to san simon feudalism was a necessary stage capitalism what fourrier called civilization is a necessary stage but inevitably there must be a stage beyond that that stage was um socialism and but the way that fourrier said that we were going to get there was by people setting up what he called fallon stales and living in phalanxes of about 1600 people in other communes basically it wasn't an agricultural commune it was a big building like an apartment block where everyone would he's very interesting i don't have time to go into it but he was an early anthropologist really he studied children and he studied how their their play emulates labour you can imagine what education was like in france in the 1820s he was well ahead of his time and he also talked about how actually human beings he said this idea of people being idle and lazy an argument that you must have encountered when you're talking about socialism he dismisses it based on his study of societies all human beings are constantly working labour is actually a source of pleasure and development and so the purpose of society and socialism is to give people the variety of labour to develop themselves again you'll be familiar with all these ideas because these really this is what marks and engels are talking about when they talk about socialism however his means of getting there was completely utopian and again like the cabaï icariens lots of forerites went over to the united states often founded colonies on indian land fought off the indians to to establish their socialist colony and then of course they were just absorbed into american capitalism but all of these ideas had a major impact but there's something missing there's something you might have already picked up on that the role of the working class is either completely ignored and absent or the working class the proletariat is treated as an impoverished mass to be elevated by the enlightened now that reflects the times the organized working class and a political working class movement was only just beginning to come into being at this time in france but um but there was no this this was not a proletarian revolutionary trend at all even the communists that talk about insurrection it was a bit ambiguous as to who was to carry out the insurrection really it could be a handful of just committed you know revolutionaries it wasn't the emancipation of the working class by itself and this was i would say marty's contribution um and it's it's interesting that this i've mentioned this explosion of socialist ideas in france at the time the reason for that bear in mind that in the 20s the socialist were getting nowhere it was the rise of the working class it's thanks to the working class this also i don't have time to go into it but it shows the relationship between middle class intellectuals to develop develop theories and the class movement there's a dialectical relationship between these forces not because it's not that people like Fourier are required to give workers ideas the workers develop conscious in the course of struggle and then took slogans ideas from these intellectuals to give form to their demands a perfect um factual true example is the main demands of the workers movement in the revolution of 1848 were the organisation of labour and the right to work both of these expressions are from Fourier and then were popularised by the the writer Louis Blanc but Louis Blanc didn't really add very much to these um also workers in Lyon who launched an insurrection basically took over the city it's almost like a precursor of the paris commune more short lived in 1834 and 1831 they wrote wrote on their banner for the first time addressing the workers that was the first time the french working class had lifted a a flag calling for the workers to struggle for their own interests the person who coined the term working class in france was Saint-Simon but for Saint-Simon the working class included the capitalist bankers and so on as well as the actual workers because he was opposing the working class or the industrial class to the idlers of the church and the the noble um you know the the feudal nobility nobility so you're seeing that the working class is basically taking these more abstract utopian ideas and actually expressing it in its own class interest and Marx it's interesting that Marx the outsider from the more backward country where the workers movement didn't really exist at this time he sees what the french socialists didn't see another thing that helped Marx is philosophy actually Marx at this time also had encountered the ideas of Ludwig Feuerbach who had an immense impact on Marx Marx when he published the the um the Deutsch Französischer Jaerbacher in uh I think February 1844 when he wrote after he arrived in France he wrote to Ludwig Feuerbach first of all saying first let me express my love for you and then he said your philosophy you have provided the philosophical basis for communism why what what was this philosophical basis what Feuerbach said is that religion does not determine the course of history religion does not create man man creates religion what all religion is is the alienated expression of man because we are unable to express our essence this is the abstract way that Feuerbach put it we're not able to be ourselves effectively because of the constraints of the world and of society we therefore create an abstract perfect being that's what christ is basically christ is us anthropomorphising our own alienated essence that had a huge impact not just on marx but a whole generation basically of of german intellectuals and philosophers but marx went a little bit further he still thought he considered himself a Feuerbachian at this point but it actually he'd already begun to go a bit further than Feuerbach because he said that we have to begin with man man creates religion therefore we have to entrust ourselves with man and study man Feuerbach said that but he said man is a totality of social relations Feuerbach didn't say that Feuerbach talked about man in the abstract it was still unclear whether he meant individual society marx already took another step in the direction of materialism Feuerbach was a materialist and he rejected the existence of a deity he studied the laws of the natural world but when it came to history his his kind of alternative was just that we need to find a humanist religion that basically celebrates some worships real human beings and then we'll be all right um he kind of rejected historical materialism or rather the potential for that because it didn't exist marx in the hand already he he raises the problem without solving he says we need to study social relations he hasn't yet embarked on a study of those social relations so he's basically a Feuerbachian communist if you like it this time apparently Feuerbach was very pleased Engels wrote to Robert Owens a real article for Robert Owens paper declaring that the most eminent genius of our time Ludwig Feuerbach has embraced communism and this is the most important development so this is this is the state of their ideas at this time moving forwards but under the guise of another person's philosophy and let's see where we are it's at this point that marx encounters a young man by the name of Frederick Engels there's a whole other lead off in the life of development Frederick Engels I'm not going to have time to go into detail but what I can tell you is Frederick Engels had been working in his father's factory in Salford by Manchester in England there he had encountered English political economy was fluent English but also he'd encountered the working class and the class struggle as it was developing in England at this time he arrived in England in 1842 that's the same time as the plug plot a revolutionary general strike that gripped all of the mill districts in Lancashire and I think also West Yorkshire a revolutionary general strike of the working class raising political demands that's the charter as invoked for workers another democratic demands but also social demands the point of this were for the workers really to transform society Engels saw that and heard accounts of it from chartists first hand and so he was greatly influenced this is when it was on the basis that he wrote his work the conditions of the working class in England Marx had already come to the conclusion from Feuerbach and from his income Marx actually encountered workers in Paris and discussed with workers as well as encountering these French socialist ideas so before he he briefly met Engels in 1842 but before his kind of history making meeting with Engels in August 1844 Marx had already drawn the conclusion that the working class was going to liberate and emancipate the whole of mankind the basis you know remember he said there was no theoretical reality for communism Marx found the theoretical reality of communism in the working class and in the proletariat the reason why he explained philosophically was that the reason the proletariat is the base of communism is because they have the private property has already been abolished for the for the working class for the proletariat he said what is required is a class that is already outside of civil society that has no property and therefore its liberation will be the abolition of all classes so this is a combination of his his limited experience of the working class movement that was beginning to rise in France at this time his philosophical understanding of Feuerbach and his interpretation of the other French socialist he meets Engels in August 1844 they realise after several days of late night discussions they are absolutely unanimous on the fundamental points and Engels has quite an important influence on Marx because Engels comes to Marx with all these stories about the chartist movement and the real working classes it was developing in England they then decided to settle accounts with their former friends the young hagelians that's what the holy family or the great title the critique of critical criticism is all about i can't go into detail about this but the main point i want to draw out is this idea that they attacked idealism effectively if they say that ideas on their own can do nothing they also attacked the passivity and the the contempt that the young hagelians had for the masses the masses were just kind of a stupid mob to be directed by the idea Marx explains that that the that he says ideas cannot carry out anything at all and he emphasises it's the struggle of the masses and in particular the workers that are the engine of progress not the ideas but revolution and the struggle of the masses and he actually says the reason we can be sure that he actually discussed with workers is because in the holy family he says people must know the studiousness the craving for knowledge the moral energy and the unceasing urge for development of the french and english working workers to be able to form an idea of the human nobility of this movement the next step for marx in marx and engels journey is that first marx is kicked out of paris again under the pressure from the prussian government the french government of guizot who gets an honorable mention in the communist manifesto um it expels him from the country and marx ends up ends up in brusils but he and engels actually take a trip to england engels introduces himself to chartysts and also acquires works of english political economy that he had already started reading and writing about the deutsch französica französica jaboca apologies i'd actually publish an article by fredrick engels on um political economy so this is what having already identified the problem of well if we're going to understand man we need to understand social relations marx dives into it this is where his economic and philosophical manuscripts comes from he starts to understand social relations by understanding political economy he writes later in 1859 that it's around this time that he understood that the anatomy of civil society is the fact he's found in the political in political economy and the conclusions he comes to is to give a very short version of events historical materialism this is where historical materialism is born and this is where we start to see the emergence of what we would call a mature marxist communism a scientific theory of communism firstly settles accounts with foyerbach they have been enamored with foyerbach they have been foyerbachians but um to clarify his own thoughts marx writes his theses on foyerbach i don't have time to go into this the most famous quote from that is philosophers have only interpreted the world hitherto the point is to change it what is the point he's making there is that actually understanding of reality can only be made through trying to change it the recognition of alienation can only be solved by a radical revolution to transform conditions um but one thing that i want to emphasise from theses on foyerbach is that he says here foyerbach resolves the essence of religion into the essence of man so that's a step forward but the essence of man is no abstraction inherent in each single individual in its reality is the ensemble of social relations um and this sets the stage for the german ideology a work that was never published never finished but basically is the first work of developed historical materialism in it um they settle accounts not only with foyerbach but with other well known now completely unknown german socialists at the time like carl groen um in which they put forward a a scientific view not only of society but of communism i'm just going to give you a couple of examples for for lack of time one quote from the german ideology is the social structure and the state are continually evolving out of the life process of definite individuals of but of individuals not as they may appear in their own or other people's imagination but as they really are i.e. as they operate and produce materially and hence as they work under definite material limits presuppositions and conditions independence of their will that is really the same idea that is expressed later on as relations of production independence of their will we're talking about the lawful development that in the german ideology they also talk about the development and manufacturing of industry the history of the economy forming different stages in society um determining the evolution of private property so it's not just that marx is announcing that oh we have to have a materialist understanding another thing i want to emphasise is marx's materialism was always one of empirical research and concreteness combined with praxis with this emphasis on revolutionary praxis the reason marx hadn't identified himself as a materialist up to that point is because he said materialism was passive and contemplative that basically it saw the world as yes material objects but kind of material objects without their own internal life and he said that the life and the movement was given by idealism by things like idealist dialectics in bringing those things together we get what we call dialectical materialism but we also get the most revolutionary philosophy ever created and also a scientific of theory of communism what is this scientific theory of communism he explains communism is for us they explain marx and angles together is not a state of affairs which is to be established an ideal to which reality will have to adjust itself we call communism the real movement which abolishes the present state of things the conditions of this movement result from the premises now in existence what are the premises the premises are industry and the development of production that samsymon had already hinted at and the development of a propertilus proletariat the modern working class they explain that it has to have rendered the great mass of humanity propertilus for communism to succeed and the development of the productive forces have to unify the world economy and produced actually the productive basis for abundant he said otherwise one communism will just be a local event like the colonies i talked about and it will just be reabsorbed into the world market which is precisely what happened or all the old shit will return excuse my language that is the word that he uses so i feel excused by by just repeating what he said which again we can see in his i don't have time to go into why i'm saying this but in history we can see that without a high level of the development forces taking up the best that capitalism has to offer and developing in order to produce abundance that all of the institutions of state oppression and ultimately classes will return basically everything we identify with the marxist theory of communism is contained perhaps to in a slightly embryonic form in the german ideology but as i already mentioned this was not published and one thing i want to touch on is i've talked quite a lot about practice but what what did angle marx and angles do in practice having clarified and it's interesting first they clarified their understanding they established a theoretical scientific basis for what they wanted to do rather than just doing things for the sake of it they then decided well we have to actually carry this into practice what did that mean what it meant first of all was the establishment of what they called the communist corresponding correspondence committee the purpose of that was to reach out to already existing socialists and communists like uh pier Joseph prunan and the english chartists in other words people that didn't share their ideas but generally shared their goals in order to first establish relations share information they were always in uh internationalists i think they were helped in this fact by the the fact that marx was being chased from country to country internationalist by necessity if you like um accident expressing necessity you might say um to establish connections with this movement to inform themselves get rid of this narrowness and chauvinism which poisoned all of us like the german socialists thought that their philosophy was best so they didn't bother with any of other other aspects they were ignorant of other things uh the french thought that the politics their politics and their socialism meant that they didn't need to study german philosophy they were trying to overcome all this but also marx in a letter to prudon on the 6th of may 1846 he says in the moment of action it makes sense it will help for us all to be able to act in unison what this idea contains is the idea of international revolution if we succeed in taking power in say france we need to be able to export the revolution and learn the lessons already they're beginning to develop the embryo this embryo was i guess killed before it could come to fruition but at the embryo of the first international which applied the same principle but they also engels actually went to workers communities these are german workers german artisans would do what's called the von der javer where they would travel to different places ply their trade engels and they had educational societies this was a period of developing class consciousness and class struggle in the 1840s they called it the hungry 40s and you had educational societies of hundreds of members coming to meetings of hundreds of people to debate economics philosophy science and socialism engels was going along to these german speaking meetings and debating with followers of prudon carl groen who was basically putting forward the same projects as prudon i'm going to come up to prudon in a moment um to win them over to the revolutionary communism that he and marx was putting forward and there are some interesting to my opinion fascinating and quite amusing letters from engels where he writes reports now anyone who's written who's done an intervention in a meetings tried to win people over and then there's a written report to you know whatever their branch or the the national centre will sympathise with engels is writing here he describes that he says oh these people were talking absolutely rubbish i gave them the lashing with my tongue and then we had a vote at the end and i won 13 to three and if we can organize openly i'll organize 100 of these chaps it's the optimism it really leaps off the page but what we can see is marx and engels weren't just writing books they were actually getting involved in the movement but they were always emphasizing not just doing things for the sake of it but first we have to have clarity and we have to organize a movement on the correct basis and convince people on the strength of their ideas actually their ideas are all they had and this was recognized explicitly engels wrote to marx and said the theoretical side he said we must demonstrate our theoretical superiority over all of the trends especially the most popular and he said to marx you need to write more because he saw marx as you know the the pioneering genius in all this and he said all we have is the theoretical side but that is the most important and it proved to be the most important and so in in doing this the first published work of historical materialism is the poverty of philosophy marx's critique of prudence thought now i don't really have time to go into everything that marx had to say about prudence but prudence was heavily influenced by saint simon he was also part of this trend that drew the conclusion from the french revolution that you should not have revolutions that it gets us nowhere and therefore what he put forward was that if you render the basis of the state obsolete it will just disappear of its own accord if you mess about trying to struggle and take the state you become part of the problem um his theory of the state and he said what we need instead is anarchy he he is the first anarchist the way they were gonna and he said that the scientific basis for all this was in political economy like marx he was influenced by dialectics i think it was marx that actually first introduced him to dialectics um i can't remember what marx said it was much to his detriment i introduced him to dialectics he said and he he studied english political economy he was considered in france an expert on political economy marx said that he has the misfortune of being misunderstood in germany he's considered a bad philosopher and a good economist in france he's considered a good philosopher and a bad economist we have to disabuse them of this illusion and he basically said that use value and exchange value will always exist exchange value that is the proportions of which commodities are exchanged is based on scarcity and therefore because you will never have infinite products you always have some kind of scarcity use value is is the usefulness that people want it therefore because you're always going to have this contradiction between use value and exchange value the task of society and the value of a commodity is determined by free will what he means by this is the seller wants to sell it for a certain amount the buyer wants to sell it for a certain amount they come to an agreement this is a very common idea in contract law in french contract law they still teach this idea it's the idea of the wills the volunteer and he said this is inevitable and he extrapolates from this the sense that therefore socialist relations are determined by free will that society can freely choose to organize things a different way but there's an interesting idea here that on the one hand these laws are inevitable you cannot escape the laws of commodity production and exchange but you can willfully build a he didn't call it socialist but an anarchist society on this basis if that's confusing that's because it's confused that basically his mistake is to render eternal the laws of bourgeois production he says you have to have commodities in exchange because of the division of labor but then he describes a bourgeois division of labor in which individuals have to produce commodities to survive that did not exist 10 000 years ago there was a social division of labor but the division of labor of manufacturing or commodity producers did not exist so he's historically wrong basically and what's interesting about marx's rebuttal of this is he doesn't just say you're reformist you're wrong he doesn't even just say you've just rendered eternal the laws of bourgeois production which he does say he then goes to prove it by giving a whole history of bourgeois production much of what we see in the communist manifesto in that incredible history changing first part of the communist manifesto is a more concise poetic version of what he explains to prude on in other words again the marxist method is you identify the incorrectness of an idea the falsity of an idea you don't just say that's wrong you then explain why it's wrong where that's our ideas come from and give the whole course of historical development in order to establish the the veracity of your point and in terms of prude on's conclusions he drew the conclusion the way that we can willfully create a society in which there's no need for a state and we don't have to struggle against a state which is san simon's idea is unlike san simon which was the the industrious the bankers and the artists improve the conditions of the poor prude on based himself more on the working class to his credit that's because he'd encountered the the workers of leon and encountered their mutual societies which were similar to co-ops so he said that workers should save up they should establish their own factories on a cooperative basis they should exchange their products only on the basis of the cost of production the cost of the materials and then a small uplift for labour cost because he said that that he basically said that private profit is what comes on top of that he didn't have the same theory of value of marx which sadly i don't have time to go into it but basically if workers produce in cooperatives and then exchange their products at only the cost of production then you will have more property angles pointed out that that's already been tried in england and failed catastrophically because you're producing on a capitalist basis but then deliberately not making any profit thus going out of business and he was putting this forward as a panacea that if only the workers all did this then what they'd do is they'd be so successful they'd buy out all the capitalists the capitalists in the state would just kind of watch this go by i suppose they'd buy out all the capitalists and then everything would be planned on a cooperative basis there'd be no state and that was kind of the you know anarchist future for mankind and as you can probably imagine that was attractive to people you're a worker especially you you can't imagine the trauma of having gone through the revolutionary period as well and people that lived through that and if someone's saying we don't have to have a repetition of all of that just set up a cooperative do your work eat treat people fairly and we'll be all right that you can understand why that was attractive and so that was the main that is why marx and engels felt they had to publish a devastating critique of this because they were arguing people in paris in particular against these ideas the result of course with the poverty of philosophy now what did marx say in contrast to this reformism by the way prud hon was sceptical of trade unions because he said if you raise wages then you'll just raise prices which was a very common idea in bourgeois political economy at this time incident you might have been confused i always found this interesting that in the communist manifesto marx even though he says that prud hon is a petty bourgeois thinker he doesn't include him in the section of petty bourgeois socialism you might remember he includes him in the section on bourgeois socialism even though prud hon was not a bourgeois the reason he said he was a bourgeois socialist is because prud hon wanted a capitalism without a protest area he wanted everyone to produce commodities on a capitalist basis but somehow have none of the inequality and oppression of capitalism so what was what was marx's alternative to this his alternative was nothing other than the real development of the real working class in england in particular again he'd just given the history of capitalism he then gave the history of the working class movement in chart chart is in which he'd seen to an extent firsthand um he talks about how the growth of trade unionism led to the creation of a national political party the national charter organisation which fought for democratic rights and social transformation at the same time he said that will lead directly to a civil war the reason he put that is because he'd had revolutionary general strikes you had the new poor insurrection you had the potential for a full-scale war between the classes in england in the 30s and 40s at times so these are based based on the real development that he had looked at he drew the conclusion that this is the future for the class struggle everywhere that develops capitalism that's what's coming in france by the way that's exactly what happened in france in 1848 but that's another story and therefore he counterposed this idea of workers just avoiding the class struggle by setting up businesses on their own account the real class struggle and revolution and he said we shouldn't reject the political revolution every political revolution is a social revolution and he says that he concludes the task of social science until the day when we have abolished capitalism in class society the task of social science will always be combat or death um taking a quote from the french novelist george shand um so he they've announced their programme and they've started trying to spread it but this i want to come back to this idea of theoretical superiority sounds rather smug and arrogant doesn't it but we we see in practice what that actually meant because martin engels were theoreticians without an organization the correspondence committee was just that it was sending letters and trying to establish links but through their works and their theoretical superiority they ended up taking over a whole revolutionary organization the league of the just the league of the just was uh basically a blankist organization blanki himself was a republican communist like gracus bubuff but a more modern variety based himself more in the proletariat his organization the society the seasons which was a secret organ it had to be secret in those days to be fair it was a secret organization that tried to launch an insurrection in 1839 about 500 armed men took over the hotel reveal the town hall in paris and tried to base and what they thought was that the masses just like revolutions in the past the masses would see that and think great let's go and and take over the city they didn't they ignored them because that's not unfortunately how revolutions work and so they were isolated and they were arrested and had to flee the league of the just was a german organization which participated in that they were part of the armed men that fought alongside blonky because you're quite a lot of german workers in paris at that time when they went off into exile to places like england they retained their communist beliefs tinged with a certain amount of apocalyptic christianity vilhelm weitling was probably their most outstanding leader he was a work he grew up in a very poor background single mother who was a servant he educated himself and he became a revolutionary leader he he put forward the idea of a violent insurrection a war basically carried out by the proletariat in order to establish communism it's very very similar really to the bronchism but he had a messianic christian quality as well which isn't surprising considering the tradition in germany compared to the republican tradition in france but i won't go into further depth what happens is a pivotal turning point in this is in 1846 if i remember right where weitling wants to persuade marx and engels and the correspondence committee to support an invasion of prussia from outside basically these german journeymen these workers were to arm themselves cross over into the border and establish communism by a foreign invasion marx and engels were not convinced they have a meeting in london this is the famous meeting where the that basically a decisive split occurred even though marx and engels weren't even members of the league of the just marx actually wrote for the league of the just pace per forwards in paris they were close to them but they never joined precisely because of this utopian christian element anyway in the course of this discussion engels is explaining why they don't agree with this marx interrupts him stands up and just says explain the theoretical basis for what you're doing and what is and what will be the result he's sick and tired of hearing action action we need action we need communism vitling i don't know that i haven't been shown the actual answer he gave apparently his answer was evasive he didn't he didn't give a clear answer and dismissive of constant theorising and it's at that point the marx slammed his fist on the table and said ignorance never helped anyone again this this this intellectual rigor and this rejection of activism for activism sake to to do things with a purpose and a clear theoretical basis is very apparent that sent shockwaves through the league of the just um there was a big split emerging where you have to add an anti-electual anti-intellectual trend not just vitling who was sick and tired of all this theorising and then another trend who thought that this was going all the bit too far um carl shaper and joseph moll were two of the leaders of the league of the just who were influenced by marx's position and eventually moll actually travelled to brussels and spoke to engels and marx and said we want you to come and take over the league of the just we have become completely convinced of your ideas and we want you to attend a congress in 1847 in which you can explain these ideas and they can become the program of the league these congresses top place in june and november december 1847 the league of the just was changed to the communist league their slogan of all men of brothers was transformed to working men of all nations countries unite that you'll be familiar with and they commissioned marx to write a manifesto the result as you all know is the communist manifesto the greatest work of political literature ever written arguably one of the greatest works of literature full stop ever written i don't have time to go into the content but to be fair i think i already have because really all of marx's life up until this point and all of the ideas i've just discussed are there clear in black and white in the communist manifesto his history of communism of capitalism in the proletaria he'd already developed in order to write poverty of philosophy the second section on arguments against communism and the demands of the communists come from the utopian socialist but also the demands of the chartis this idea of winning the democratic revolution by force a workers government expropriating private property they'd absorbed it all from the french socialist and from the english real workers movement the third section criticizing all the different trends i'm sure that's that's obvious it's all the different particularly german but other utopian trends that they've encountered on their way improved on of course to differentiate themselves theoretically from the rest and in the fourth section about the real existing movements it was their revolutionary strategy their perspective for what the party is actually supposed to do in the coming period and what they said the party was supposed to do was arm and rally revolutionaries particularly german revolutionaries for the inevitable coming revolution that was going to take place in germany that revolution was going to be a democratic revolution you still didn't have national unification you still had absolutism in the immediate tasks but the task of the communist was in the course of this revolution even if they're fighting side by side with the bourgeoisie they're out of time to go into what really happened is to form the working class into a class capable of fighting for and winning power now the 1848 revolution and that this really is where the story begins to be honest this really is where the story of communism begins i don't have time to go into it but communism as we know it marks his communism the scientific revolutionary communism of marks and angles is born at this point clearly announced to the world now the 1848 revolution proved to be an extremely harsh testing ground for all political tendencies including the communist league which didn't survive it the party that they were trying to arm and prepare for the revolution had literally a day between the publication of the communist manifesto in germany and the outbreak of revolution in france in 1848 by the time it was translated in german i'm skeptical as to the number of communist league members who'd even read it by the time they went into germany the organization just dissolved like a sugar lump but what we have is the lessons drawn from that document of course it was on the base of those ideas that marx would go on to found the first international to interpret the events of 1848 the paris commune so it wasn't it wasn't all a lost cause but we have the benefit unlike mark like marx we are standing on the threshold of a revolutionary wave far surpassing 1848 in both scope and depth where unlike marx the process unlike in 1848 the prospect for the seizure of power and the total transformation society on a world scale is directly before us the material basis required for communism has been prepared it's been prepared many times over actually and we stand at the at the beginning of this immense revolutionary process so it's incumbent on us to understand and graph to dive into these ideas in the way marx did with his characteristic conscientiousness in order to arm ourselves and prepare for the harsh testing ground there's to come and on that I'll finish thank you


Welcome back to my channel today's video is going to be I don't know. It's not necessarily sad. It's just you know, one of those classic Alex, let's talk about a certain topic and just kind of ramble to the camera have a good Therapy session with my audience that seems to enjoy these videos before we get started Make sure you subscribe because I would love to have you as a subscriber and also follow me on Instagram because I try really hard on my Instagram and I just like growing my platforms On both sites so this video is a little bit different and it was actually inspired by a post I saw on Instagram. I honestly don't really know where to start with this video But I think I will just say if 8th grade Alex or 9th grade Alex or 10th grade Alex would see myself where I am now It's definitely not where I thought I would be in my life. I know that sounds like kind of sad But also there's this like silver lining and happiness to it because like I'm doing something that I've always wanted to do It's this weird feeling and like I feel a little emotional about it Maybe it's just because it's about that time of the month, but Yeah, like if you asked like 9th or 10th grade Alex, like where would you be when you're at 24 years old in life? It would definitely be something like oh, I'm probably gonna be in medical school, you know already graduated Probably find the love of my life, you know, maybe in my first year of med school or graduate school or you know This that are the other I would be you know living in an apartment with him or you know on my own or something and Not with my parents Making YouTube videos probably not that If we're if we're being honest here like no, I don't think I would ever imagine This to be my life, you know what I'm saying? I thought I would probably have like a bachelor's degree if not in biomedical sciences probably in the medical field maybe pre-pharmacy or I don't know medical lab tech or something like that and Not something in in video making definitely not definitely not motion graphics Considering I am not the most creative person or I'm a creative person. I'm just not an artsy person anyway So I think that's a really good way to start this video I did not imagine myself where I am right now, which is looking back It's a little sad, but like where I am right now is just like Incredible like I didn't think I could do this and I didn't think that I would make a penny on my YouTube channel I've been doing this for probably like what five six years now So it's been a while and it's taken me like so long to get noticed by people and you know Then we have you know people blowing up overnight. It's just really difficult. It's hard, you know But I've always been that person to like always set goals and like want to achieve them So like even though I didn't go to medical school or didn't finish my a finish a bachelor's degree like I proved to myself that I could do that like with hard work and determination because of the grades that I made when I was at that university and the grades that I went when I went to the college I transferred to and Graduated with a digital media degree So I proved to myself that I could do that but YouTube. Oh my gosh YouTube is a challenge man It is so hard like I am not gonna lie Coming up with ideas trying to figure out like what does my audience want and there's only so many Adoption videos I can feel like I can do to be honest There will be one coming in the near future I would assume but just looking at where I am now is just amazing and I if you asked me when I first started YouTube If like I could do the things I've done. No, I would say like oh man I don't know. Yeah, so I guess I just want to read this post to you guys because Life with Justine and I met her a couple years ago I think um made this post and I will post it on the side here And I'll leave it down below if you want to check out her stuff because she's the one that really inspired me to make This video so she says something I don't talk about publicly is my fear of failure I feel like I was behind in life because everyone around me is having a kid Engaged married or just became a new house owner or just became new house owners I envied it, but then I realized that I need to take a step back and focus on the path that God put me on I'm not meant to be having kids and getting married now, and that's okay I also have to realize that there are so many people my age who are in the same position I am actually thankful that I didn't go down the path that I felt like I had to go down in order to be successful Even though my life isn't the way I expected it to be I'm happy and hopeful for my future or happy and hopeful of my future So I agree with this one hundred percent She put it in such clean words that that's exactly how I feel and I wanted to make this video to say that there's so many people Out there including myself that feel the exact same way. Yeah, I cannot wait to have kids I can't wait to get married like I can't wait to do all of that stuff But I guess it's just not the path that I'm meant to be on right now And that's fine And I know everything happens for a reason because I always say I Was left on the side of a road in China ended up coming to the United States of America With two gay moms. I mean come on like I know that there's a higher power I know that there's a God somewhere because of just like where I've landed so I mean I know that I am on the right path and That I just need to just go where I need to go also I made some notes because I didn't want this video to be a complete ramble So yeah, I I still live with my parents. It's cool. It's chill Even though they love having the news on like 24 seven. It's a little challenging I guess my reasoning for this would be the fact that I don't really want roommates. Yeah, I just wrote that down I don't want roommates um if I'm gonna be with a roommate or like live with someone I want it to be my like significant other like boyfriend fiance whatever I don't want it to just be some random person Also, I wanted to add most of my friends have a significant other that they're living with or whatever or are married I don't have a lot of friends that are like single if that makes sense. So I'm not moving in with some rando I'm sorry not gonna happen I rather live with my parents because we are kind of friends now now that I'm an adult and we just like enjoy each other's company even though we drive each other insane sometimes I also wanted to add I don't want to rent anywhere either I would rather like buy a place if I was living with like my boyfriend or something I wouldn't mind renting but overall if it's just me I don't want to rent Another thing I wrote down that there is no right or wrong way to live life And it is not a race because I always thought and this is kind of touching back on what I just said I always thought that there there was like this, you know Certain age is that you're supposed to do things, you know, and I just realized that that's not the case like if I wanted to change my career tomorrow like I totally could and That would be fine and I could still do YouTube like there's so many things You I could go back to school if I wanted to even though I'm like definitely afraid of school and I hate school so much That's another video for another time But honestly, I do not like school at all probably like some PTSD there But I'm definitely probably not going to go back to like a traditional school If I ever were to further my education in some sort and Like the having kids thing luckily not a lot of my friends are having kids right now Which is good because like I don't know it'd just be even more weird But I have thought of the IVF route if I have not found My person or whatever because as you guys know, I definitely want to have a child biologically And I want to be at a healthy stage in my life to do that Like I don't want any like risks or complications So I have like thought of that and I'm not against that whatsoever Like I'm not against a lot of things just because I never had a normal life I mean I had a normal life But like it was a little it was you know that tiktok where they're like had a bit of spice That's totally our life So there's definitely nothing wrong with that in my mind if you disagree that is fine Um, there's a lot of people that disagree with me about the dad challenge podcast But I think their comments are in the health review section But I just wanted to kind of touch on this because I want you guys to know you're not alone and with like valentine's day Just past and everything it's it's really difficult sometimes But looking at my life now and just knowing I made as much money as someone with a full-time Job did doing what I absolutely love to do this past year is just Incredible doing a part-time job at a tv station and doing this That is like mind-blowing if someone asked me if I would ever like get to that No, because I thought I would never get to even experience that whether I get to experience that next year or not I just think that that's incredible that I have also enough money where if I wanted to put a down payment on a house Like I could probably not the most um intelligent financial decision to make which that's why I'm not going to do that But just knowing I had that opportunity to do that right now in my life Is just incredible and doing something that I mean not a lot of adults my age can say that they Can do exactly what they want to do and I'm so grateful for my parents being able to Help me do this because I don't know like it's just it's just incredible And I'm very very thankful and blessed and it's because of you guys that I I get to do this And it's because of you watching the ads because you guys commenting on my videos and just like everything And I and I love that you love my parents. Um, that's amazing So I guess I'm just like rambling now But I just wanted to make this video because you are not alone You are Going to take a great path in life no matter what it is as long as you're not hurting yourself or those around you You're doing okay.  Um, there's always hope that you can that is going to come There's always the future to look towards and that's why I think I always look towards the future because It's just I don't know it it keeps you moving, you know, but I guess that's valid for this video I hope you guys enjoyed it. Um, don't forget to subscribe and I'll see you guys in my next video


Cheryl, if a company has a contract with an invoice for $10,000 on a net 30, but they need the cash flow, I'd buy the receivable for $9,900 and pocket 100 once paid. Numbers are a bit better than that, okay, now I know what you're talking about. Yeah, it's fine and dandy in good times, Cheryl. And when the receivables are, you know, sometimes large companies, they don't pay out for three months, three or four months, so you need to carry that debt for that long a period of time. And what happens if all of a sudden there's a hiccup in the markets, which there could be, and this is one thing that happened with Nortel Networks in the late 1990s and 2000 when the tech bubble burst, Nortel Networks was, as a Canadian company, one of the top companies in the world, tech companies in the world with the most amount of patents was considered to be the forerunner, to be the biggest large tech company in the world, right? And they had a lot of receivables out to multiple companies, and then interest rates went through the roof. All of those companies, or not all of them, many of them went bankrupt and all of those receivables became write-offs, right? So you have to make sure you're not overextended with that type of deal if you're taking on that buying, you're basically buying debt, right? You're basically buying debt if I understand it correctly.