Capitalism, in simpler terms, revolves around the system where people who have control over means of production like factories, machines and raw materials hire workers to work for them, providing them with wages for their work. The main idea is to generate profit from the work produced and the relationship between those who control the means of production and the workers.
How class exist?
In Marx and Engel’s Manifesto of the Communist Party, it was mentioned that “The history of all hitherto existing society is the history of class struggles” proclaiming that how society is being changed and shaped is being driven by the class struggles that has always existed from the earlier history of ancient Rome to Middle Ages to the contemporary society. The struggles refer to subordinate class against the dominant class, the oppressor against oppressed where they are in an antagonist relationship, always opposing to each other. As compared to the traditional society where society is a system of multi-membered class hierarchies, fighting among themselves, the contemporary society, is simplified and spilt up into two class that are directly against one another, the economically dominant class; …show more content…
Commodity, as interpreted by Karl Marx, is “an object outside us, a thing that by its properties satisfies human wants of some sort or another” (pg 26 of Capital). Capitalism involves the commodification of everything. In capitalism society, labour is considered as a form of commodity as labour is being “bought” by the bourgeoisie by giving working class wages in return for their work done. The working class, however, are not paid accordingly for their commodities and this is wrong according to Marx as the price of labour is not equal to the production of labour. The working class are being exploited where their price of labour is no more than the minimum, only allowing them for maintenance of
How class exist?
In Marx and Engel’s Manifesto of the Communist Party, it was mentioned that “The history of all hitherto existing society is the history of class struggles” proclaiming that how society is being changed and shaped is being driven by the class struggles that has always existed from the earlier history of ancient Rome to Middle Ages to the contemporary society. The struggles refer to subordinate class against the dominant class, the oppressor against oppressed where they are in an antagonist relationship, always opposing to each other. As compared to the traditional society where society is a system of multi-membered class hierarchies, fighting among themselves, the contemporary society, is simplified and spilt up into two class that are directly against one another, the economically dominant class; …show more content…
Commodity, as interpreted by Karl Marx, is “an object outside us, a thing that by its properties satisfies human wants of some sort or another” (pg 26 of Capital). Capitalism involves the commodification of everything. In capitalism society, labour is considered as a form of commodity as labour is being “bought” by the bourgeoisie by giving working class wages in return for their work done. The working class, however, are not paid accordingly for their commodities and this is wrong according to Marx as the price of labour is not equal to the production of labour. The working class are being exploited where their price of labour is no more than the minimum, only allowing them for maintenance of