Marxist View of the Capitalistic Mode of Production and Exploitation

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Karl Marx's view on the capitalistic mode of production highlights the exploitative nature of this economic system and points to its development as a necessary continuation of feudal societies many centuries ago. He demonstrates how the bourgeoisie take advantage of the labor power of the proletariat, creating profit and fueling the expansion necessary to keep profit margins at acceptable levels. Marx argues that this economic system, in which capital is the basis of wealth, sprung from the fall of feudalism when the means of production made obsolete the feudalistic relations of production, in which ownership of land was the basis of wealth. His claim, therefore, that capitalistic societies are exploitative class societies is true when …show more content…

This upper class then finds a market in which the fruits of proletariat labor can be reaped at a higher price, and the surplus value of that transaction is hoarded by the bourgeoisie. It is important to note that these wealthy persons have considerable incentive to reinvest their profits into the means of production, thereby improving technology and lowering input costs, but at the same time furthering the dependence of the proletariat on the bourgeoisie by making the prospect of a return to the old modes of production increasingly less viable. However, Marx argues that this process cannot sustain itself without the fulfillment of certain conditions. The capitalist mode of production relies upon an expanding market and the constant overhaul of the means of production, though these requirements are not always met and the result is economic crises. Marx argues that it is essential for these conditions to be met in order to keep profit margins from falling to unacceptable levels at which the economy will inevitably sink into depression or recession. However, he also acknowledges the impossibility of maintaining economic stability over the long run and submits that there will always be instances of economic crisis. Marx's reasoning demonstrates how the capitalist mode of production arose from the fall of feudalistic

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