What Is Rent Cost?

The concept of commodity fetishism applies both to the perceptions of normal people and people in everyday life and to the formal study of economics. Economists, both then and now study the economy in terms of the movements of money, goods, and prices, which is essentially, the point of view of the corporation. from this point of view, the social dimension of economic life is considered unscientific and unworthy of discussion. Karl Marx argues that this commodity fetishism allows capitalists to carry on with day-to-day affairs of a capitalist mode of production without having to confront the real implications of the system of exploitation on which they depend.

To begin, Marx claims that labor power is a special commodity that describes the physical and mental abilities found within human beings (Marx, page 270). Humans have this unique ability to transform natural materials into commodities through their own power. This is why individuals must be “free” in multiple senses in order to sell their labor as a commodity.

A major concern for this company is the threat of substitute products or services. Rent-A-Center makes using their service customer oriented which helps entice customers to keep coming back. Letting the consumer re-rent the same product or comparable product at any time and pick up payments where they left off (Martin, 2015). This policy implores Rent-A-Center to charge a price for their product that is comparatively lower than their competitors while still offering a price that allows them to make a profit (Martin,

Marx writes that the product that the laborers produces, laborer’s product, becomes something alien as a power independent of the producer (440). This highlights that the products that the worker manufactures no longer belong to him or her, and are therefore owned by the owners of production. Furthermore, with the introduction of private property the workers no longer get an input into the products they produce, for they are under the control of the private property owners. As a result, there is no sort of connection or sentimental value between the worker and the products he or she produces, for the laborer is simply forced to manufacture certain products in a specific manner and style. An example of this today would be that an individual who makes clothing apparel would get to choose the fabric, the color, the style of the clothes etc.

In capitalism, the commodity holds the utmost importance, for it is the organic unit of every capitalist society: one simply does not exist without the other. Yet, the commodity also proves to be the greatest enemy of the individual, particularly to the worker. The reason for this lies behind the commodity's deceiving property: the exchange-value. The exchange-value traps the worker in an unbreakable cycle of capitalism that tortures the worker with constant self-devaluation and gradual dissociation from the essence of being human, as Karl Marx describes from his early works, such as “Estranged Labour,” to his magnus opum, Capital. In order to break the cycle, the worker must scrutinize and eventually estrange himself from the exchange-value.

Every commodity’s valve is a function of the labor time necessary for the production of labor power” (Young 227). In this sense, the victims are used as a commodity to being in profit to their owners just as slaves. Through this quote Marx demonstrates how humans are used as a commodity to bring traffickers power and essentially gain profit.

Corresponding to Morrison (2010, p. 84) Marx argued that a commodity was ‘a thing whose qualities can satisfy human needs’. Such examples of these commodities that Marx identified were bread, clothes and

Marx also proposes the important point that “capital, is developed, in the same proportion is the proletariat, the modern working class, developed -- a class of laborers, who live only so long as they find work, and who find work only so long as their labor increases capital. These laborers, who must sell themselves piecemeal, are a commodity, like every other article of commerce, and are consequently exposed to all the vicissitudes of competition, to all the fluctuations of the market” (F. Engels., K. Marx, Feb. 1847).

Marx identified two social classes which are the bourgeoisie and the proletariat. The bourgeoisie owned the product, and the means of production are distribution and the profit. Then, there is the proletariat also known as laborers these are the people that typically did not have the resources to invest in mass production. The only thing they could sell was their labor. Marx was a staunch supporter of the proletariat. He believed that the proletariat gains let up last much in a capitalist system, and all the bourgeoisie benefited a great deal. He thought that the proletariat would eventually overthrow the bourgeoisie, and a new economic system would create. Marx believed that society needed a better means of distributing wealth but also a better way of tapping into a full human potential. According to Marx what we do is directly connected to

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

Karl Marx’s ‘so-called primitive accumulation’ is a concept analyzing the how expropriation of populations within a society effects the development of capitalistic modes of production. The specific expropriation of populations observed by Marx’s ‘so-called primitive accumulation’ concept consists of the historical process by which the working man is separated from his instrument of labor; consequently, leading to a polarized market stratified based on commodity ownership. While defining this stratification system, Marx does not equate commodity ownership to materialistic goods, but narrows the term to only include individual’s interaction with the labor market. Furthermore, this commodity based stratification ultimately fosters the perpetuating

Marx made a more direct diagnosis of the evil of capitalism. He condemned the exploitation of labor by capita, more precisely, this is exploitation of the class of the people who have to sell their labor by much smaller class of people who own capital. He developed a detailed theory of this, involving his “labor theory of value” and his concept of the “surplus-value” that industry generates ans that is appropriated by the owners of industry rather than the workers. Marx’s main claim is clearly a moral one, about the (alleged) injustice of the economic structure of capitalism.

As one considers any large purchase, especially one that can alter the course they follow, it is important to consider the benefits and drawbacks of all options and follow the steps that are required for a happy purchase to avoid the wastage of money and the dreaded purchaser's remorse. A home is an investment that adds equity to a person. When choosing whether to rent or buy a home, there are several factors to consider to keep the buyer and possible family working efficiently. Let’s look at options that a renter/buyer has to consider as well as one of the factors of choosing to buy a home.

Seeking for a place to live is a task that takes consideration of your financial position and personal goals. There are many advantages and disadvantages to both, therefore, you will need to evaluate both sides before making a decision. One is not necessarily better than the other, more so which is better for you. In this paper, I am going to outline the benefits and drawbacks of both buying and renting, with some information that will assist in your decision.