He states that mode of production can be understood as M-C-M’ where the purpose of gaining capital is reinvestment to keep producing more and more goods. The bourgeoisie class, the employers, benefit greatly from this system as they own the means of production whilst the proletariat class, the workers, sell their labour for wages and have no means of production. There is an exploitative relationship between the workers and employers. For the employer to add value to their goods, the labourer has to work longer than it takes to make a daily living wage, and gaining essentially nothing than the security of their employment for their extra time as is the basis of surplus
He states that mode of production can be understood as M-C-M’ where the purpose of gaining capital is reinvestment to keep producing more and more goods. The bourgeoisie class, the employers, benefit greatly from this system as they own the means of production whilst the proletariat class, the workers, sell their labour for wages and have no means of production. There is an exploitative relationship between the workers and employers. For the employer to add value to their goods, the labourer has to work longer than it takes to make a daily living wage, and gaining essentially nothing than the security of their employment for their extra time as is the basis of surplus