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What did Marx call the difference between what the workers produce and what they earn?
Surplus value.
Who saw capitalism as a struggle between workers and owners?
Karl Marx
What is surplus value according to Karl Marx?
Surplus value, as defined by Karl Marx, is the difference between the value that workers produce through their labor and the value they are paid in wages. Marx argued that this surplus value is appropriated by capitalists as profit, contributing to the exploitation of the working class under capitalism.
What is the industrial class of workers called according to Karl Marx?
Marx called the industrial class of workers the "proletariat." The workers themselves were called "proletarians."
How did Karl Marx interpreted history between workers and owners?
Karl Marx interpreted history as a class struggle between the workers (proletariat) and the owners (bourgeoisie). He believed that this conflict would eventually lead to the overthrow of the capitalist system and the establishment of a classless society. Marx argued that historical progress is driven by the struggle for economic power and the eventual realization of a communist society where workers collectively own the means of production.
What quote was on Karl Marx's statue?
On Karl Marx' grave it says " workers all of the world unite"
What term did Karl Marx use to describe factory workers?
Marx called such workers proletarians. He called the social class made up of such workers the proletariat.
What did Karl Marx believed society would be divided between what?
capitalists and workers
What were Karl Marx's predictions about capitalism?
Marx had an idea of what will happen will capitalism 1.Workers get tired of their working conditions and refuse to work 2. workers will revolt and take control of the factories 3. Continue to produce goods, but everyone gets a fair share of pay 4. Everyone gets paid the same 5. no more need for government
What did Karl Marx say about surplus value?
Karl Marx used the term of surplus value in his analysis of the economics of his time. For Marx, capitalists exploited workers by paying them just enough to keep them alive and working. He saw workers' wages as just above the subsistence level. Marx believed that the difference between wages paid to workers and the price of the goods they produced was "surplus value". Marx did not see factory owners contributing anything towards production. The surplus value created by the process described above the capitalists took as profit for themselves. The key to this was that Marx saw a time when the workers could not afford to purchase the goods they produced. Production led to over production and brought on depressions.
Which sociologist argued that capitalism would produce such misery and collective strength among workers that they would eventually take state power and create a classless society?
Karl Marx
How did Karl Marx's theories on work and labor influence his overall critique of capitalism?
Karl Marx believed that under capitalism, workers were exploited by the owners of the means of production. He argued that this exploitation led to alienation and inequality. Marx's theories on work and labor influenced his critique of capitalism by highlighting the inherent conflicts between workers and capitalists, and the need for a more equitable and just economic system.
