Topic > Marxism - 849

Karl Marx was best known for his revolutionary ideals of communism and not necessarily as a philosopher (D. McLellan 1973). Marx was very interested in politics and economics, which formed the majority of his famous work, for example the Communist Manifesto. Marx's theory of history is mostly centered on the idea that forms of society arise and decline as they foster and then impede the development of human productive power (D. McLellan 1973). The analysis of history and economics merge in Marx's prediction of the inevitable economic collapse of capitalism, which will be replaced by communism (S. Lukes 1987). Therefore today I will argue that capitalism promotes the exploitation of workers. Karl Marx famously thought that the capitalist economy promotes the systematic exploitation of workers. For Marx, this idea was based on a labor theory of value, which most scholars today reject. The labor theory of value states that the average number of hours of labor required to produce that commodity can objectively measure the value of a commodity (D. McLellan 1973). Yet many philosophers today still agree with Marx's fundamental claim that capitalism is inherently exploitative; they simply define exploitation in broader and less controversial terms, rather than thinking of exploitation as involving the forced extraction of surplus value. from work, philosophers today adapt Marx's view that exploitation is the process of taking undue advantage of the vulnerability of others (S. Lukes 1987). When defined this way, many contemporary philosophers believe that capitalism is full of exploitation, with economically powerful capitalists unfairly taking advantage of workers' vulnerability to maximize their profits. What should we do… middle of paper… workers, on the other hand, believe that innovative or entrepreneurial capitalists earn profits by forgoing short-term gains, taking risks to achieve long-term gains in the future ( D. Prychitko 2008) . In conclusion, the essence of Marx's theories on capitalism is still somewhat relevant in today's society, and there is no doubt that capitalists try to exploit their workers, but this has become so common in today's society that it is not more necessarily described as exploitative but working hard. There is a very thin line between exploitation and hard work, only the person who feels exploited will be the judge of that. Works Cited1. Luca, Stefano. 1987. Marxism and morality. Oxford: Oxford University Press.2. McLellan, David. 1973. Karl Marx: His Life and Thought. London: Macmillan.3. Prychitko, David, L. 2008. Marxism. The concise encyclopedia of economics.