“King Midas had turned everything he touched into gold: capitalism turned everything into a commodity” (Fischer, P.49)
According to Marx, Value can be described as the socially necessary labor needed to produce a commodity. In order to form a foundation of the understand value, we must first understand what exactly the term ‘socially necessary labor’ means and of course, how its process gives us a true value of a given commodity.
In Capital (Marx, Capital Vol.1), Marx writes in reference to commodities - “a man must not only produce an article satisfying some social want, but also his labor itself must form part and parcel of the total sum of labor expended in society .” (Marx, Capital Vol.1). Marx states that in the process of labor the worker must not only take into account the social demand and the cost of the material he is working with to create the product, but also the time expended in the creation of said product.
Marx describes socially necessary labor time as "the quantity of labor necessary for its production in a given state of society.” (Marx, Capital Vol.1), Therefore this time is dependent on the state of society the labor is being carried out in. This state of society
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When viewing art as commodities, Arte Povera is a particularly interesting movement to refer to, given its anti-consumerist beginnings and rejection of generally accepted gallery criteria (particularly regarding material, and aesthetics put into place when creating art.) Germano Celant, the man who coined the term “Arte Povera”, spoke of how what existed insignificantly in the art world was beginning to impose itself with the establishment of the movement and how “Physical presence and behaviour have themselves become art”.(Bakargiev, P. 18) Penones work, as one example, furthers “the free self-projection of human activity” (Bakargiev, P. 18) and exemplifies the intention of the movement
Division of labour is also credited with the rise of trade between different areas, the rise of capitalism, and increasingly complex manufacturing and industrialization. For Karl Marx, the production portion of Capitalism signalled great trouble. He believed production in Capitalist society worked in a way that the rich factory owner benefited and the poor factory workers lost. In his manner of reasoning, the Capitalist system was inherently meant to benefit the rich and exploit the poor: “All the bourgeois economists are aware of is that production can be carried on better under the modern police than on the principle of might makes right. They forget only that this principle is also a legal relation, and that the right of the stronger prevails in their ‘constitutional republics’ as well, only in another form.”[ii] Marx’s view of society and the world lead him to believe that humans create change in their lives and in their environment through practical activity in the practical world.
This intimate relationship between man and nature, his activity and the objects of nature, is the ‘appropriate’ relationship because worker is not capable of creating without nature, that is, without the sensual external world. Hence, the world is the material into which man invests his labor, through which he produces things, and without it he cannot live. However, in a capitalist society, such relationship does not exist and man is alienated from nature, from the products of his activity or work. Under capitalism, workers produce for the market rather than for their own use or enrichment. According to Marx, the object produced by labor in modern society stands as an alien being to the worker. His labor is embodied in the product he created, and this product is an objectification of labor which represents a loss to the worker, as well as servitude to the object. Hence, alienation occurs when worker lacks control over the products of his labor. Additionally, during the process of production, man’s labor are seen as much an object as the physical material being worked upon, since labor is a demand in modern society, which can be bought or sold. The more objects the worker produces, the fewer he can personally possess, and therefore the greater is his loss. For instance, in
According to Marx, surplus value is obtained in the form of profit in which the capitalist owns the means of production (private property), thus the workers have no choice but to sell their ability to work to the capitalists in order to live. This means that labor is the source of profit under capitalism. Capitalism has a historically specific relation of production, as capitalists pay for labor power (gained by paying wages) and get labor in return. The exploitation of worker’s potential through wages produces surplus value, which is the reason why capital tends to grow. Money put into capitalist relations will then grow; thereby, resulting in the creation of labor markets that give value to things we consider capital. For example, surplus value was extracted under feudalism in this order: commodities are produced (essentials of living) and then feudal lords extracted this surplus by charging rent to the serfs (sometimes through
Making products in a capitalist system puts many people in a position that are repetitive and laborers end up going through the motions. They have one specialized job in producing the whole product. The labor does not give input into the purpose of design, distribution, and marketing of the product. According to his essay “ Alienated Labor,” Marx tells us the things we go through in a work under the capitalist society:
Next I would like to define and connect means of production and capital. The means of production refers to institutions or establishments, such as: factories, offices, or any places of business that are privately owned. Marx sees financial interest in these foundations as deficient in relation to the return on investment created by the workers who make them valuable. Under Marx’s theory of value, these establishments are only valuable as a result of the workers’ labor and not the financial or capitalistic investment. Capital can therefore be defined as the money
Labor for Marx reduces man to a means of production. As a means of production
During the late 1800s, the eminent German philosopher, Karl Marx sought to create an equilibrium between the social strata by abolishing social classes. His doctrine, Marxism, is based on the idea that the means of production is the foundation of society, and ownership of this dictates the fate of the civilization. Marx attempted to place the means of production, including factories, into control of the people who operated the means of production(proletariat), and not just the owners of it (bourgeois). In Marx’s vision, society is driven not by spirituality, but by material objects. The proletariat and bourgeois may have ambivalent views on the division of wealth, but ultimately, the owners of the means of production make the decision. The
He describes this social conflict in terms of class relations, specifically between the bourgeoisie (wealthy) and proletariat (working class). This conflict led Marx to see labor as purely social. Labor is social because it’s produced by the working class, which holds value because it generates commodities, which fulfills basic human needs. There is a social relationship of exchange between the worker and the consumer. Marx also examines capital as a universal measure of value.
In Marx's view the capitalist society is comprised of two distinct classes, the bourgeoisie (owners of production) and the proletariat ( labor) (Wolff). The focus of the bourgeoisie (owner's) is to produce products (commodities) at a product with profit being the amount of money being made on a commodity after deducting all input expenses (including labor expenses) (Wolff). This net amount or profit is referred to as surplus value by Marx (Wolff). The goal of the bourgeoisie is to make profit, then reinvest the profit for additional profit (Wolff). Thus, to increase profit, the bourgeoisie pay the labor force (proletariat) a minimum wage for their services (Wolff). The proletariat (workers) have no other means to earn money to ensure their survival, so they must accept these conditions and work for minimum wage (Wolff). Since they must continue working to survive they do not have any position from which to bargain for a piece of the pie or the fair value of the labor they put into making the profit (surplus value) for the bourgeoisie (Wolff). The proletariat must work at the bourgeoisie's minimum wage rate because in this economic scenario, the owner has all the power (Wolff). It is this situation of virtual enslavement of the proletariat (labor force) to increase profit (surplus value) for the bourgeoisie that Marx refers to as exploitation (Wolff). It is important to note that it is the proletariat's labor which provides the value to the product
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,
Marx viewed the ‘commodity’ as the most elementary form of modern wealth. The essence of the commodity is the
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 literary critics, Plato and Aristotle disagree profoundly about the value of art in human society. Plato attempts to strip artists of the power and prominence they enjoy in his society, while Aristotle tries to develop a method of inquiry to determine the merits of an individual work of art. It is interesting to note that these two disparate notions of art are based upon the same fundamental assumption: that art is a form of mimesis, imitation. Both philosophers are concerned with the artist's ability to have significant impact on others. It is the imitative function of art which promotes disdain in Plato and curiosity in Aristotle. Examining the reality that art
Marx uses the concept of labor as the social activity to explain how humans are shaped by the interaction of society and themselves. He points out the concept of objectification of labor to describe humans themselves as the subsistence of objectification. “The product of labor is labor embodied and made objective in a
In chapter one, Marx says that a commodity is a use value and exchange value. The commodity as a use value is something that humans want or need, the use value of the commodity is determined by how useful the commodity is, but Marx says it is immeasurable and explains that it can only be determined when consumed. After he explains, use-value Marx explains commodities as an exchange value. He explains that commodities’ value as the quantity of other commodities that it will exchange for. Later in this chapter, Marx says that the exchange value of a commodity is merely a measurement of its value, he says that value connects all commodities so that they can be exchanged with each other. In the text, he says this value is determined by "the labor time socially necessary that is required