Sake Etiek

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

Since 1962 and the beginning of the discount retailer market Wal-Mart has been ahead of the retail game. By 1967 there were 24 Wal-Marts that had grossed 12.6 million dollars. In just 7 years Wal-mart had spread into 9 states. By 1979 Wal-Mart was the fastest store to reach a billion dollars in sales. In 2005 Wal-Mart has 3,800 domestic stores along with 3,800 stores internationally, and had made over 312 billion dollars. As you can see the Wal-Mart empire has grown monumentally. To move into this segment of the market would be tough.

Wal-Mart is an American company that was founded in the year 1962 by Sam Walton. The company operates in the retail industry. Notably, the company operates various chains of stores in the entire world which has made the venture a big success in the retail industry. The efficiency and the effectiveness of the company’s operations have seen it ranked the second largest public company in the world (Copeland & Labuski, 2013). The company has over two million workers which makes the leading private corporation employer in the world. Notably, despite the fact that the company is traded publicly, Wal-Mart is more of a family company since Walton’s family still controls over fifty percent of the company’s shares. The company has expanded its business through venturing into external markets such as China, the United Kingdom, North Korea, South Korea, North America, and so forth. However, these markets have produced mixed results in terms of the level of success and profitability. For instance, the German market and the South Korean markets have turned out to be less favorable for the company.

According to Marx’s view of capitalism, every company works to make a profit, because without profit there is no reason to exist. He said that labor is a commodity that carries an exchange value to be traded for something else, but questioned how profit is made if commodities exchange in equilibrium. His answer was that profit is made when workers are exploited, or work part of the time without pay. Marx believed that if there were no workers there would be no profit and ultimately no capitalism. The issue is that human suffering, however, is good for business according to Marx. People are born into a preexisting system, because the economy forces people into social relations and roles, and because of this, workers truly felt that they would never become free from the capitalist class unless they had the ability to produce a living. Marx found this to be unjust and felt there should be a redistribution of wealth. Marx’s attack on capitalism, however, angered the bourgeois ruling class greatly, and his ideologies caused uproar. Marx was accused of overthrowing private property and capitalism, and leading the proletariat to rebel. He is noted to have caused working class upheavals and political revolution. Karl Marx’s work was a disturbance to society, which is why he

“In the past few years Walmart has begun to face new challenges in addition to antisprawl activists and merchants, from labor unions, competitors, and other activists”(carroll607). The lawsuits for labor for Walmart’s labor practices have also increased over the years with the accusations of paying unfair wages, making employees work off the clock so they wouldn’t have to pay overtime, and discrimination against women. Due to Walmart’s financial impact on the U.S. it also has a huge economic impact on a state and federal level.

At its very core, Marx’s capitalist theory is an economic system based on three things: wage labour, which comes from land owners employing individuals to work for a wage, control of the means of production (factories, farms, offices and machinery), and production for exchange and profit. Considering the majority of society do not own the means of production, and are not private owners, they are forced to offer their ability to work in exchange for a regular wage,

Now, according to Marx, the ‘Capitalists’ were exploiting the workers, and in some ways, he was correct. We’ll get back to this shortly. Marx used one of the most basic of human failings against people: he used their own laziness and greed to convince them that the Capitalist was ‘bad’ because he was exploiting them and taking what they rightfully earned. At the same time, without ever having to say it, Marx created the belief that — since he was ‘fighting’ for them — Marx and his moochers were ‘good.’ In short: Marx was ‘fighting for the people,’ while the Capitalist was ‘exploiting the people.’ In truth, both Marx and the Capitalist were exploiting the people for control. The only difference was one created and the other

In Robert Greenwald’s 2005 film, Walmart: The High Cost of Low Price, he along with other political activist opposes the rhetoric of Walmart’s CEO, Lee Scott, to the experiences of current Walmart employees, both in the United States and internationally; small town business owners, shoppers, and community activists. The film opens up previewing an audience of Walmart employees at a convention cheering on Lee Scott as he proudly states “It would be a pleasure for anybody to be the CEO of this company. . . . You get to say we had record sales, we had record earnings, we had record reinvestment back in our company” (Greenwald, 2005, 0:50). The statement gave the impression that he was going to praise the work of employees for their contribution

Marx believes that a capitalist system favours the wealthy and disregards the poor (Bolotta, Hawkes, Mahoney, & Piper, 2002). “The rich would get richer and the poor would get poorer (Schuman, 2013).” He theorizes the “labour of value”, the value of a good or service should be priced at the value of the labour required for its production (Bolotta, Hawkes, Mahoney, & Piper, 2002). In a capitalist economy, goods and services tend to have a surplus value, which in turn benefits only the wealthy. Marx argues that the two distinct classes of individuals, bourgeoisie and the proletariat will forever remain stuck in their respective classes because of the very nature of capitalism. Thus, he believes a classless society should be created and there should be collective ownership of all capital for production to equally distribute the wealth amongst the people (Bolotta, Hawkes, Mahoney, & Piper, 2002). The economic motivator for Marx’s economy is equal distribution of wealth. This ideology is considered to be communism.

In Robert Greenwald, Wal-Mart: The High Cost of Low Price (2005) is documentary film that presents negative aspect of Walmart by the perspective of former employees, small business owners, and footage of Walmart executives. Walmart is million dollar company and yet it underpays their workers. It’s CEO (Lee Scott) claims how Walmart gives jobs, helps everyday family to afford products and help provide health benefits. The reality of it all, Walmart underpays their workers to the point they are able public assistance (health care). Even though Walmart has its own health care program for their workers, it’s too costly for their workers to have.

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

Marxs' theory can be seen to be correct and fail. Since 2008 the global economy has been in a crisis, and workers around the world are unemployed, and being weighed down with debt. Marx had an idea that the capitalist system would eventually impoverish the masses as the world’s wealth became concentrated in the possession of a greedy few, causing an economic crises and increasing the conflict between the rich and working classes. “Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole,” Marx

Wal-Mart is a company which operates in the service sector, more specifically in the “Discount, Variety Stores/Retail” industry. The company’s superior performance is demonstrated through the fact that it was America’s largest company (in terms of revenue) in 2002, and the reputation of the company is reflected in the opinion of “Fortune” who have identified Wal-Mart as one of the world’s most admired companies. In 2004 Wal-Mart had been hiring 1.4 million employees – making it the largest corporation in the world. Wal-Mart’s share prices have also been stable at time of stock market volatility. There are

The following year the company had incorporated as Wal-Mart Stores, Inc.. The success of Wal-Mart was quite unheard of during this time and this success helped them to stay ahead of the competition for many years to come.

| -Bempreco: This company has been acquiesced by Wal mart.  Bempreco is a retail chain in northeastern Brazil with 118 units (hypermarkets, supermarkets and mini markets). The acquisition gives Wal-Mart Brazil its first stores in the Northeast market. -Seiyu GK: is a Japanese group of supermarkets, shopping centers, and department stores owned byWal-Mart Stores.  In 2005 Wal-Mart acquired a majority stake in the company which it has since increased to 95% ownership, and 100% ownership in 2008.-OneRiot: US-Wal-Mart Stores Inc acquired OneRiot, a Boulder- based