Essentially what Watson is expressing is that Capitalists exploit workers by paying them less than they are worth in order to extract enough profit from them to enable them to be able to survive within the capitalist system. This system works in favour for the Capitalist but in essence in opposition to the labourer who is getting less money for what their labour is worth. Under a capitalist economy where the worker is exploited makes the employment relationship very conflictual in the marxarian view highlights Edwards,et al. (2006). This exploitation in work that happens under a capitalist economy is the reason why Marx arrived at the conclusion that working in this system would be very conflictual and oppressive.
‘Focusing on capitalism and wage workers’ “estranged labour,” Marx broke with Hegels “ abstract” emphasis on consciousness and equation of objectification with alienation(Ritzer 2000:96) In the profound theory of alienation Marx continued to answer questions of the development of capitalism. He found that workers in a capitalist society do not possess the raw materials machines or factories in which they work with, but are owned by the capitalists in which the labours have to sell their ability to work in return of a wage. This arrangement of work shows four relations that lie at the centre of Marx 's theory of alienation 1, the worker is cut off or alienated from their productivity and not having any say in deciding what to do or actions to approach the productive activity that is given by the capitalist whom sets the conditions and speed that the labourer should be completing and having complete control the decision if the worker can work or not. Marx saw this as the ‘unequal relation between persons.’ (Ritzer 2000:101) 2, workers are alienated from the product meaning they have no control to how the product is being handled once it has left their station the labour is not free or enjoyable. ‘Marx saw all social life as bearing the imprints of material conditions’ (Ritzer 2002:107) 3, workers are alienated from others and their natural environment.
Writings of Karl Marx had formed the theoretical basis for communism and the continual debate against capitalism. Marx understood capitalism to be a system in which the means of production are privately owned and profit is generated by the sale of the proletariat’s labour. He considered it to be an unfair exploitation of hard work with alienated social interactions and purpose. I agree with Marx that capitalism is indeed unfair and alienating, because it concentrates wealth within a small group of people by exploiting the surplus value of workers’ labour, and creates an alienated workforce. Hence, this essay will first discuss the relevance of Marx’s perception of capitalism as an alienating and unfair system for the contemporary world, before
In conclusion, in the capitalist world, the wage work is ending up with less benefit since they are not getting paid reasonably as compared to the amount of work they do. Labourers are not getting any reward for the amount of work they do and their skills are not related to the work they are performing. Capitalism is misusing by giving rise to detailed division, deskilling of labor and degradation of work. Detailed division of labor has divided humans, society, occupation which made workers unskilled and not able to do any complete production process. Babbage principle has made this subdivision in the detailed division of labour to make simple task and to get cheap labour.
Throughout the history, money, wealth and capital ruled over the way that millions of people lived. It has divided people to the rich and poor; the ones who were dictated by their wealth and the ones that work for them. Karl Marx was the first person, who focused on the analyze of how the capitalist society works, how did it come to this point from feudalism and where is it going to lead. “Marxism” is Karl Marx’s analysis of the growing and complicated relations of two main classes – bourgeoisie and proletariats. Marxism was firstly founded by Karl Marx, but there is a big role of Friedrich Engels on the development and spreading of the theory.
More so, consumers may become addicted to their desires in the purchasing of a product, which only alienates them from better products that may actually improve their lives. Marx’s theory of commodity fetishism defines the dangers of a capitalist society that is controlled a by a small group of bourgeoisie owners that seek profit through a narrow selection of products. More so, consumers are often unaware of the dangers of these products and the addictive properties of a commodity that dominate their lives. In this manner, a sociological analysis of Karl Marx’s commodity fetishism has been analyzed within the problematic issues of an American consumer
They receive a minimum wage, which is enough payment to keep the labourer barely alive to return to work the next day to earn more capital for the capitalist. To Marx, wage labour has no benefits for the worker; it is just an asset to the bourgeois. This is exploitation of the worker by the middle class to attain private property. Kieran Allen defines exploitation when someone is forced to give something for nothing (Allen, 2011). This antagonism is the foundations of private property.
He found this to be,”” naked” money power” and felt it did not recognise a basis to people’s social honour in society. (Gane,, 2001:215) With these two conceptions coming from a similar starting point, that social class is founded on that economic power within society. Weber expands on it to more than means of production. He looks at the types of work people gave and how this can influence their position in society. He defines class as a group of individuals who share a similar position in market economy and by virtue of that fact receive similar economic rewards.
Profit is increased when market price is raised than the natural price and loss came when the market price will fall than the natural prices. The labour theory of value and the cost of production theory of value is criticized at some grounds: - 1. There is difficulty created at the time of measuring the labour and cost of production. Because Adam Smith also said that all labours are not equal efficiency. Some are do more while some are do less works than the other.
But the limited number of jobs is a major downside. Your economic status fully depends on who you work for and what you do. People have the ability to choose an occupation for themselves without the government giving them a job.In a capitalist economy, a person has a choice to either for himself or work for someone else.. Unlike a communist economy, people are given a chance to climb the ladder of economic status from one generation to the next . Another major benefit of capitalism is private property, the ability for someone to decide what they do with their possessions.