Capitalism Labor Exploitation
This cluster centers on critiques of capitalism, particularly Marxist views that owners of the means of production extract surplus value from workers' labor, denying them the full fruits of their work.
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If that hammer is the mean of production of some company and as a result of owning the hammer I can get all the profits of the company, while doing no work and the people doing the actual work with the hammer get only low wages , then this is indeed capitalism :)
Indeed, capitalism rewards those who own the means of production at the expense of the people who labor to support it. A lot has been written about this.
Capitalism is a system where workers create value through their work and are compensated with a portion of that value in the forms of wages. The business owner, the capitalist, is able to extract a portion of that for themselves because they own the business. The state maintains this exploitation of workers’ productivity through so-called property rights - the “rights” of the business owner over the worker. Without the state, this system falls apart.
All labor is a tool for capital to produce more capital. The fact that the laborers seem to mostly survive the process is incidental.
In a capitalist society, to a rounding error, most people work out of necessity - to house, clothe, and feed their families. This creates an inherently unequal relationship between capital and labour which is exploited to accrue wealth in the hands of a very few people.This is literal theft from the working class of the fruits of their labours.
Don't know why this is getting downvoted.This is Marx's core definition of Capitalism; the ability to buy and sell labour, employment of wage labour and accumulation of capital. That means that those who own the means of production extract more value from those who labour than what they pay for that labour.That's Capitalism.'Rent taking' is missing, that's no reason for a downvote.
Technically, by producing a product with value for the wealthy, and redistributing its money to poorer employees. In short, capitalism. And you'd be using it as intended.
Am I to understand that you see labor as systemically privileged under Capitalism?
you mean like the people capturing most of the value generated by labor (shareholders) are not the people actually producing the value through their labor (workers)?capitalist system working as intended :(
Because in the example I gave, you’re not making profit from your own labour, you’re also “exploiting” machines and software. How does this not meet the generally accepted definition of capitalism (a system in which private individuals or businesses own capital goods)?