5/29/2023 0 Comments Karl marx wage labor and capital![]() THE PROBLEM: WHAT ARE WAGES? HOW ARE THEY DETERMINED?Īccording to the working class, wages are the amount of money they receive from capitalist for a certain amount of work, but what actually the working class sells to the capitalist is their labour power. ![]() There is a history of class struggles in different nations, for instance, the bourgeoise republicans of France, the English Russian slavery, the June conflict in Paris, the fall of Vienna, the efforts of Poland, Italy and Hungary which led to a revolutionary uprising. ![]() There were different places where the struggle between classes and nation took place. This divides the society into two halves the haves and the have-nots. The ultimate truth of our modern economic society is that the working class alone produces all the values and in return gets only a minimal amount of the total mass-produced. Labour power is considered as a commodity like any other physical commodity. Our society is under the dominion of capitalist production in which large chunk of the population of working-class have to work for the owners or the capitalist, who are the owners of means of production that is raw materials, tools, machinery etc. His critique on political economy was done in instalments. Capitalism was the primary focus of Karl Marx’s thesis. ![]()
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