In Defence of Marx's Account of the Nature of Capitalist Exploitation

Marx was a big proponent for the working-class movement and the equality in terms of property. To him, the issue that is most important to conquer is the issue of the estrangement and alienation of man, where man himself is the alien power over man – more specifically, it is workers who are being estranged (Marx 1988, 79). Consequences of this estrangement can be seen with private property, because although it seems to be the root of the problem, private property is actually the consequence of “alienated labor”, explaining why capitalism is a horror to him (Marx 1988, 81). It may be thought that an easy way to give workers equality would be to pay them equal wages, but this is yet another estrangement of labor (Marx 1988, 82). Progress, to Marx, would need to consist of a way to diminish the root of the problem – estrangement of the worker. This would consist of “emancipation of the workers” because the emancipation of the workers would have a large ripple effect, and result in the universal human emancipation (Marx 1988, 82). As it has been addressed multiple times, the estrangement of the worker is the root of the problem, and a step towards progress would need to consist of the workers being emancipated so they are no longer alienated and forced to labor while getting nothing but monetary payment for their labor. The alienation of workers furthers the issue by leading a society towards private

Marx's theory on Capitalist exploitation is an incredibly deep theory, but to explain it in a nutshell, it is that the working-class people are improperly compensated for their work. The rich, the higher-ups, they continue to expand their wealth by exploiting the working class, the Capitalist system not only allows but effectively demands that Capitalists increase their wealth, long-term or short-term, whether at the cost of the working-class or not. There are three “values” to take into consideration, the use-value, the exchange-value and the

The Industrial Revolution (1750-1850) had brought about significant changes in agriculture, mining, manufacturing, transportation and technology and subsequently established an era of unprecedented economic growth in capitalist economies. It was within this era that Karl Marx had observed the deprivation and inequality experienced by men of the proletariat, the working class, who had laboured excessively for hours under inhumane conditions to earn a minimum wage while the bourgeoisie, the capitalist class, reaped the benefits. For Marx it was this fundamental inequality within the social and economic hierarchy that had enabled capitalist societies to function. While Marx’s theories, in many instances have been falsified and predictions

In Capital, Karl Marx reveals the ugly truth that capitalism lays on the foundation of class exploitation. Without such exploitation, there is no profit to be made and capitalism will cease to exist. Capitalism, which relies on the reproduction of capital, creates and concentrates wealth to a small portion of society’s population while reproducing poverty and widening the size of inequality.

Marx's ideas on labor value are very much alive for many organizations working for social change. In addition, it is apparent that the gap between the rich and poor is widening on a consistent basis. According to Marx, the course of human history takes a very specific form which is class struggle. The engine of change in history is class opposition. Historical epochs are defined by the relationship between different classes at different points in time. It is this model that Marx fleshes out in his account of feudalism's passing in favor of bourgeois capitalism and his prognostication of bourgeois capitalism's passing in favor of proletarian rule. These changes are not the reliant results of random social, economic, and political events; each follows the other in predictable succession. Marx responds to a lot of criticism from an imagined bourgeois interlocutor. He considers the charge that by wishing to abolish private property, the communist is destroying the "ground work of all personal freedom, activity, and independence". Marx responds by saying that wage labor does not properly create any property for the laborer. It only creates capital, a property which works only to augment the exploitation of the worker. This property, this capital, is based on class antagonism. Having linked private property to class hostility, Marx

Another concept that brought about inequality among the bourgeoisie and proletariat is the labour theory of value. As stated in the textbook Classical and Contemporary Sociological Theory, “One of the basic truths of capitalism is that it takes money to make money, and the more money a business owner has at his or her disposal, the more ability the business owner has to generate profit-making schemes” (Appelrouth and Edles: 25). In this case, the bourgeoisies are at a benefit as they own the means of production, while the proletariat are at a disadvantage as they don’t have capital to make money. Marx’s ‘general formula for capital’ explains the class and power relations that predominate in modern capitalist society through the formula M-C-M. Marx describes this law of value to be beneficial to the bourgeoisies as they increase profits and capital. Bourgeoisies are able to do this because they have the money (M) to buy capital, which converts their money into commonality (C), which they then use to produce other commodities that are sold for money (M). Bourgeoisies predominate the proletariats through power relations as the formula is inversed for the working class, C-M-C. The working class sells their labour through commodity (C), which then is exchanged for money (M) and used to buy commodities (C) necessary for survival. The C-M-C

Modern life has enabled individuals to reflect on the developed character they have come to be in society. Individuals are gradually noticing the relationship between their work category and annual salary. This essay will dissect the article written by Karl Marx, determined to ensure individuals were able to realize society has been divided into two classes; the property owners and propertyless workers. Assuring individuals of this belief was not an easy task. Marx is an outstanding author who uses direct information effectively to support his position by using an exceptional pathos and logos with a few ethos to fully allow the reader grasp the information intended.

As the bourgeois advanced financially, they also gained political influence. They progressed from a once oppressed class to an independent urban republic. As their political influence increased, certain changes became clear. The bourgeois had “torn away from the family its sentimental veil, and has reduced the family relation to a mere money relation (Marx).” This force eventually grew to the point that it was able to force other nations to conform to its values and methods or suffer extinction. As the bourgeois became richer, the proletarians began to suffer more. The balance of property began to shift even more rapidly than before leaving property “concentrated…in a few hands (Marx).” Eventually, the super-efficient production of the manufacturing economy began to take its toll on the bourgeois as well as the proletarians. More goods were produced due to the cheaper costs and ease of manufacture leading to an over-production of goods (Marxism). Over-production became a serious problem, resulting with widespread unemployment of the proletarians, and threats of a revolution on the horizons.

Marx’s analysis of capitalism begins with an investigation of the commodity because the wealth of capitalist nations is essentially “an immense collection of commodities” (Chapter 1). Marx differentiates between the use-value and the exchange-value of any given commodity. The use-value of a commodity refers to its qualitative ability to satisfy a human need, while its exchange-value is the “quantitative relation… in which use-values of one kind exchange for use-values of another kind” (Chapter 1). Therefore, exchange-value is not an intrinsic quality of a commodity; it is only discovered in comparing a fixed quantity of commodity A to a fixed quantity B. Since differing quantities of these two commodities appear to have the same value,

There is deep substance and many common themes that arose throughout Marx’s career as a philosopher and political thinker. A common expressed notion throughout his and Fredrick Engels work consists of contempt for the industrial capitalist society that was growing around him during the industrial revolution. Capitalism according to Marx is a “social system with inherent exploitation and injustice”. (Pappenheim, p. 81) It is a social system, which intrinsically hinders all of its participants and specifically debilitates the working class. Though some within the capitalist system may benefit with greater monetary gain and general acquisition of wealth, the structure of the system is bound to alienate all its

The philosophy of Karl Marx begins with the belief that humans are inherently cooperative with common characteristics and shared ends. To human beings, life is considered an object and therefore, humans make their “life-activity itself the object of his will and of his consciousness” (Tucker 76). In other words, humans are able to think, imagine, and “produce even when he is free from physical need and only truly produces in freedom therefrom” (p. 76). It exemplifies that idea that humans not only have the capability to create things for survival but express themselves in what they produce, within the standards of the human race or universally. When capitalist wage-labor enters the picture, it forces these shared ends and the freedom of expression in human production to cease, causing a rise of competitiveness among

As capitalist societies expanded, Marx argued that exploitation amongst workers became more apparent. Marx believed that the only way to get rid of the exploitation, oppression and alienation was for a revolution amongst the proletariat workers. Marx suggests that it is only when the means of production are communally owned, that class divisions among the masses will disappear.

The system of capitalism is partially based around the unpaid surplus labour of workers that allows for the generation of profit for the workers ' respective superiors. Marx argues that such a system rewards those who have some sort of domination over the workers, the actual producers of commodities. This results in terrible living

He respectively labels these “two great classes” as the bourgeoisie and the proletariat. According to Marx, the simplification of the class structure into these two opposing groups greatly increases the hostilities between them (1888: 474). These intensified class antagonisms inevitably create a proletariat uprising, as this class “…has to bear all the burdens of society without enjoying its advantages…and from which emanates the consciousness of the necessity of a fundamental revolution…” (1846: 192). Therefore, the forces of production that develop within capitalism will eventually cause the destruction of this system (1859).

Philosophers have been thinking about the nature of the good life since ancient times. The good life was a central topic during the ancient period of philosophy. Many people say that the good life is living a prosperous life full of happiness. There are many different ideologies of the good life and each philosopher has their own values and beliefs. I decided to pick one of the most well known philosophers, Karl Marx. Karl Marx’s philosophy is by far one of the most looked at. He called capitalism the dictatorship of the upper class. , saying that it was run by the wealthy class solely to make profit and maximize their own benefits. The end product and goal of capitalism was simply economic gain. In this philosophy there has to be organized production, which includes the means of production, such as factories, facilities, machines, and raw materials. Throughout this paper I will describe certain aspects of Karl Marx’s philosophy mainly focusing on why capitalism is not the way to road to the good life. A good example of this can be looked at by recognizing the class struggle between bourgeoisie and proletariat, otherwise known as the upper and lower class.