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Essay On Karl Marx Exploitation Theory

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Karl Marx: management practices, exploitation and manipulation.
In his book (-- removed HTML --) >, Karl Marx examined the labour process in capitalism economic and explained how capitalists exploit the labouring classes by appropriating the surplus value produced by labour, which is the value or output in excess of the value of their wages. The concept of the exploitation theory applies to the labour process in all class-divided societies, not only capitalism [Buchanan, 1979]. Workers are either forced to work by their feudal lord under feudalism or by their lack of ownership of the means of production under capitalism. Marx’s exploitation theory implies there is always exploitation as long as there is profit. Since Marx developed his exploitation theory hundreds years ago, …show more content…

Firstly the capitalists expect a fair profit on the risk of capital investment, otherwise capitalists won’t invest. Therefore workers won’t have job. Secondly the add-value from the management practices should not be taken for granted. Marx also did not foresee the evolution of capitalism and the role for the governments. Capitalism has to promote mandatory humanity and working conditions required by the government regulators and pressure of the society. Capitalists cannot force workers to work for long hours any more. And in the free labour market, they also have to pay workers the market price for the work they do; otherwise the workers would go to other places. Capitalists cannot exploit workers like the way they did hundreds years ago. Many organizations (capitalists) turn to management practices to improve efficiency and productivity, so they can reduce the cost of production and in return increase the profit. Are management practices and exploitation or manipulation? In order to answer this question, firstly we need to understand the definition of management; secondly we examine one management practice in the

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