Karl Marx's Exploitation Of Workers Under Capitalism

Karl Marx is a renowned scholar whose philosophy gave a firm foundation to a good number of twentieth-century communist states. Marx's school of thought is embedded in the notion that society rises and falls depends largely on human capacity and power to produce. Marx asserts that communism will replace long-term capitalism. In defending this observation, Marx identified the class struggle as the main ignition of this radical change. Karl Marx's radical analysis of the economics of capitalism is broadly aligned with a personal version of the value theory of labor (Amable 96). In addition, Marx's criticisms include the dissection of the profits of capitalism, here the scholar tries to relate the profits to a surplus value resulting from the exploitation of the workers. This economic analysis of the capitalist system leads Marx to the conclusion that the rupture and subsequent replacement of capitalism are inevitable. This essay seeks to critically evaluate the Marxist thoughts that relate the exploitation of workers under capitalism.

This economic system is often guided by the forces of demand and supply. This implies that government interventions are often very minimal or do not exist at all. Despite being a system of Laissez faire, Marxists assert that governments play a very critical role in nourishing and preserving capitalism; a conjecture at the point is when an economy is trying to take advantage of new markets. Capitalism defends private ownership of the means of production. This implies that capitalism is free to manipulate the means of production in its favor as long as they are able to maximize their