Capitalism And The Social Condition Essay

806 Words Nov 2nd, 2014 4 Pages
Capitalism is a system in which profit is created through the means of investment and ownership of the means of production, distribution and exchange of wealth is made and maintained mainly by private individuals or businesses. In other words, capitalism is a profitable system which foundation is based on three interconnected things: labor wage, means of production and profit. Labor wage is people who are employed to work for a wage which leads to the means of production which include factories, machinery and tools and these things produces profit. As shown these three things are connected and cannot work without the other. During the years, capitalism has been the subject of criticism from varies perspectives in society. Some people might disagree with the foundation or norms of capitalism entirely or with specific consequences. Likewise, in Capital: A New Abridgement, Karl Marx discussed about his thoughts on capitalism. Marx’s view on capitalism is that it would sooner or later ruin the working class or laborer which would create the social condition for rebellion. His view was based on the means in which production and distribution is created through the means of worker. The workers exchange their value for a wage to private owners which in return pay them a wage for their time producing something. As Marx writes: “whenever, by an exchange, we equate as values our different products, by that very act, we also equate, as human labor, the different kinds…

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