Capitalism equals crisis

Marx states the main key points that make up the idea of living in a capitalist society.  He describes this society in various ways.  It is when goods are produced for the market, which can be exchanged for money.  Capitalists who own factories made up of machines to produce not only goods but profit as well.  Marx describes capitalism as a profit driven system.  Workers who work in these factories work for wages and become wage workers.

Marx makes it evident that he is not in favor of a capitalist society.  He describes the society as inherently exploitative.  The wage workers produce and sell their owners’ products, while the owners take the profit for themselves watching their workers slave at below par levels.  The profits become so desirable, that the amount of profit making schemes increase.  Marx portrays the idea that capitalism only creates unfair profit for the business owners, and leaves little to no profit for the wage workers.

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2 responses to “Capitalism equals crisis

  1. I agree with you where you said “Marx portrays the idea that capitalism only creates unfair profit for the business owners, and leaves little to no profit for the wage workers.” This statement was also explained in the pyramid we discussed in class. The title of the pyramid even had the word “Scheme” in it. When we think of that word, it means that you are sort of “cheating” the system. The ruling class is benefiting from the system while the poor are suffering. Therefore, Marx believes that capitalism is a “pyramid scheme”.

  2. Good list of bullet points from Marx’s Capital. A couple points could be better specified: capitalists are involved in the production of *commodities* (goods that have both *use value* and *exchange value*) and they produce them *only insofar* as they generate profits. That is, they produce them not because they satisfy needs but because they generate *surplus value*, profit for the factory owners — but not for the workers, who are paid for their labor time (*socially necessary labor time* or the amount of money necessary to “reproduce” themselves).

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