Marx's Wage Labor And Capital, By Karl Marx

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Karl Marx created one of the most enduring political theories within the spectrum of Politicism, a movement to engage arts and culture with an emphasis on historical and political context. Marxism evolves from the writings of Karl Marx, one of the leading socialist writers of his time, and Marx’s own exposure to the rise of capitalism and industrialism around Europe in the mid 1800’s. Marx was exiled to London eventually after his journalist writings became increasingly political and critical of the governments (Biography.com). He saw firsthand the injustices and wrongdoings of the class struggle and what it did to the Bourgeoisie (working class/upper middle class) and to the peasantry. His main purpose in evolving his political ideas is to…show more content…
He defines terms such as wages, the sum of money paid by the capitalist for a particular labor time or for a particular output of labor (659), and Labor-power, what laborers sell to capitalists in exchange for money. Marx also points out the absurdity of price ratio as Capitalism determines the price of labor equals that of the price of an object; for example, working for eight dollars an hour is somehow the equivalent of eating an eight dollar sundae in Capitalism. This is absurd, since the laborer must work to survive and yet their labor-power only achieves that of a small luxurious commodity. Marx writes “Labor power is a commodity which its possessor, the worker, sells to the capital” (660). This signifies that workers need to work to survive. They must have life activity, their physical labor, in order to exist but this is not their life, which means that their life activity holds no meaning other than a way of surviving. Capitalists place the worth of a human to their economic labor value. As well as controlling the price of commodities and labor, the Capitalists decide what the price to live is at and set the minimum wage
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