Thursday, January 9, 2020

Relationship Between The Worker And The Capitalist

In recent times, inequality has been found on high levels all around the world, this is due to how the market functions and the relationship between the worker and the capitalist. In this essay, the characteristics of Capitalism will be described followed by an analysis of how it produces wealth inequality, however a political economical approach will be used. Emphasized are the thoughts of Karl Marx and Adam Smith. To begin with, Adam Smith in his book Nature and Causes of the Wealth of Nations wondered why some countries were wealthier than others; he correlates wealth with civilized and poverty with savages (Levine, 2010). Therefore a wealthy nation is a civilized nation, whereas a poor nation is a savage nation. According to Smith, producing wealth depends on the individual’s goal. If the activity realized has recreational purposes, no wealth will be produced. On the other hand, producing wealth equals to producing commodities. A commodity is a service or good produced for exchange to satisfy needs and wants of an individual (Heywood: 2004). However, this commodity has a value in the market, where it is exchanged for capital. In a capitalist system, there is a free market. Anyone wanting to sell something can enter the market. Moreover, Levine describes capitalism as â€Å"an economic system in which the individual’s income and wealth depend primarily on the market value of his or her properties (including labor)† (2010: 40). In capitalism, the individual is judged â€Å"in termsShow MoreRelated`` Metropolis `` : The Film, Metropolis, By Karl Marx1721 Words   |  7 Pages capitalism. Marx, having observed the class conflict between the bourgeoisie (the capitalists) and the proletariat (the workers), said that in the capitalist system, the bourgeoisie take advantage of the proletariat for financial gains. 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A concept that is shared between these two worksRead MoreImperialism And Consumerism1365 Words   |  6 Pageshave maximum possible efficiency output, workers in developing nations under capitalist forces are often exploited heavily; on the other hand, one could argue that without the presence of corporations in nations lacking infrastructure or economic developm ent, many of the workers under these companies could not make a wage to live. This brings up a difficult topic relating to just how imperialism takes form under global capitalist influence: how global capitalist consumerism creates an unfair and exploitativeRead MoreIs the Job in Fast-Food Restaurant Exploitative?1480 Words   |  6 Pagesthe relationship between the capitalists and workers. It is claim that the value of a product is depended by how much labor has paid on it such as time, energy or ideas. 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This is the reality of a capitalist society that wasRead MoreKarl Marx s Theory Of Capitalism976 Words   |  4 Pagesa life and allowed for growth from one class to another. This is the reality of a capitalist society that was first discussed by Karl Marx in the 19th century. When Karl Marx first penned his shaping works on communism, he assumed that the relationship between workers and capital would always be opposing. While most rejected his overall theories, they did not argue with the basic idea that the interests of workers would always be at odds with those of owners. This is one of Marx s only theoriesRead MoreWhen We Read Capital Volume I By Karl Marx, It Can Certainly1198 Words   |  5 Pagesthough Marx was promoting an individuality in the worker and claiming the way people in a capitalist society behave is unnatural due to being constricted to the system of capitalism. 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The eventualRead MoreThe Rana Plaza Building Collapse1489 Words   |  6 PagesThe collapsing of the Rana Plaza building in the Dhaka suburb of Savar, is a tragic incident that occurred on April 24, 2013 (Prashad 2013). The Rana Plaza building was the establishment that had workers who were the commodity of the production of garments that are sold to the Western market. A couple days post-collapse, it was reported that the death toll was well into the triple- digits. This paper will draw on the details of pre- and post- Rana Plazas collapsing while connecting it to Marx andRead MoreEmployee Attitudes Towards Pay By Marx Essay1725 Words   |  7 Pagesthe antagonistic struggle between the capitalist and worker. Victory goes necessarily to the capitalist. The capitalist can live longer without the worker than the worker without the capitalist†. The aforementioned philosophic statement by Marx opens for many issues to be debated between workers and employers, employment cadres and employment policies. From the statement one realize in the hands of the capitalists are resources in the form of pay or wages that a worker desires to have in their own

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