Essay on Analysis Of Nishad Patnaik 's ' The Capitalist Economic System '

Essay on Analysis Of Nishad Patnaik 's ' The Capitalist Economic System '

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Nishad Patnaik explains Marx’s concept of alienation in the capitalist economic system. Patnaik contends that peoples’ criticisms do not go far enough to see that there is a conflicting relation between commodity and alienation.
Alienation results from the capitalist system that commodifies social relations. Although money represents both product and labor, people attach the monetary meaning to the value of the material product because both are tangible. Money wrongly sets a fixed value to labor only based poor variable of the length of labor, not taking the productivity and quality into account. The exchange value form objectifies labor with the resulting products, tying its value to the product. Thus, people do not see the character, skill and effort value humans put into the production. Patnaik and Marx explain that commodification of labor is also commodification of the relationship between people. The workers themselves commodify their skills and production for money. Here, social relationships depend on exchange interactions, making them less meaningful and more materialistic. Thus, people become alienated from their knowing the character of others and their own human value.
Marx holds that when people eliminate private capital and private ownership of surplus, alienation will disappear. And, as people become conscious of the social/human aspect in production their awareness will institutionalize among society. They will distinguish labor value from material productions. The equality in goods resulting from the elimination of capitalism will transform peoples’ attitudes on human equality. People will be able to better balance their social purpose (work duties) and their natural purpose (fulfillment).

Evidence
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...s deeply reflect on the efforts people put into the result after buying a product. But, not all materials commodify social relations. Social relations do not exist only because of exchange and use. Social relations based on friendship and also intangible ideas do not involve commodities. Although commodities can be used to increase or diminish certain social relations, economy is not the biggest part. The idea of economic equality, or better, economic justice, is appealing and may result in a greater appreciation of workers. I agree that a many people are not satisfied with their position in the economy and with the unfair treatment by companies and consumers. But, this problem exists in other economic systems where everyone cannot choose to do what they really like. A communist economic system may not successfully eliminate alienation and bring economic equality.

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