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  • Perfected The Capitalist Technique Of Worker Alienation
    725 words
    A century and a half ago, Karl Marx established a theory that today is known as the backbone to modern socialism and communism. Marx viewed the early capitalism of his own day as inherently exploitive. At the core of capitalist production is what is considered surplus value, the value left over after the producer (in Marx's case, factory owner) had paid the fixed costs of production such as raw materials, machinery, overhead and wages. The left over amount was kept as profit, a profit that Marx ...
  • Alienation Of Labour Within A Capitalist Society
    4,502 words
    Marx's Alienation of Labour 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...
  • Surplus Value By The Workers Wages
    2,723 words
    Karl Marx is the most controversial economist in history. His writings are studied and debated. He is frequently linked with communism and that association has biased many people against him. Marxs link to communism were formed because many of the socialist dictators such as Lenin studied Marx intensively, however it is erroneous to assume that Marx was a proponent of communism. He was however a critic of capitalism. He studied capitalism extensively and much of his writings focus on the problem...
  • Labor Of The Workers
    4,395 words
    What is property, what is capital in their present form For the capitalist and the property owner they mean the power and the right, guaranteed by the State, to live without working. And since neither property nor capital produces anything when not fertilized by labor - that means the power and the right to live by exploiting the work of someone else, the right to exploit the work of those who possess neither property nor capital and who thus are forced to sell their productive power to the luck...
  • Strong Competition With Other Capitalists
    786 words
    Free Enterprise "Work hard, save your money, and you can become wealthy - or, at least, "independent!" This is the motto of old-fashioned, "free enterprise". It expresses the idea that everybody in a capitalist society can participate and compete on the same terms with similar chances of success. It implies that the working class is just a collection of individuals who have not yet established their independence (worked their way up) through "individual initiative", rather than a being permanent...
  • Marx's Own Labor Theory Of Value
    1,762 words
    Marxism Marxism is a body of social, political, and economic thought derived from the writings of Karl Marx and his collaborator, Friedrich Engels. Many forms of Marxism have emerged since Karl Marx's death in 1883. Among these are Communism and Socialism. The ideas of Marxism are derived from his analysis of capitalism, mainly how it arose, how it works, whom it works for, and where it will go. Concentrating on the social and economic relations by which people earn their livings, Marx saw throu...

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