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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.
How could you use capitalism in a sentence?
One can say that capitalism is based on a profit motive.
Is capitalism as practiced in the us today the same as written by Adam smith in 1776?
Not so much. Capitalism as we know it was just starting to develop at that time, since then it has matured and is now in it's final stage of historical development, ie. it is now characterised by monopoly, imperialism and financialisation. Smith wrote about capitalism when it was just in it's infancy and had little idea of what capitalism would like like in say 100 years. Quite unlike Marx, Capital is probably more relevant now than it was in the mid-late 1800's, Smith is not very relevant anymore.
What is Americas economic system?
America uses a Fractional Reserve Monetary System. or you could just say mixed capitalism
What did Karl Marx believe about capitalism?
Karl Marx believed that capitalism through industrialization had increased the productive capability of the world's economy far beyond that ever witnessed before. Nevertheless, he also felt that capitalism created two competing classes of people. One, was the bourgeoisie who owned and controlled the means of production and hired wage laborers. The other was the proletariat, who were common workers who owned nothing but the right to sell their own labor. Capitalism's very nature would ensure that eventually, these classes would struggle against one another to the point where the class of workers would get large enough and oppressed enough that it would overthrow the bourgeoisie, seize the means of production from it and end the economic system known as capitalism. The system of socialism would be ushered in and gradually evolve into pure communism.
Did Karl Marx say Never Trust a Russian?
There is no evidence that Karl Marx specifically said "Never Trust a Russian." Marx's work focused on critiquing capitalism and promoting socialism, and he did not make widespread statements about specific nationalities or individuals.
What system did Karl Marx and Friedrich Engels believe should be destroyed?
Karl Marx believed that capitalism should be destroyed because he felt that it would lead to the exploitation of the Proletarians (the have-nots) by the Bourgeoisie (the haves). Karl Marx was a socialist. Needless to say, I think he was right.
Did Karl Marx say 'The only antidote to mental suffering is physical pain'?
No, there is no record of Karl Marx having said this quote. Karl Marx was a philosopher and economist known for his theories on capitalism, socialism, and communism, but this particular quote does not align with his views on suffering.
What did Karl Marx had to say about child abuse?
Karl Marx did not specifically address child abuse in his works. However, he advocated for the elimination of social and economic conditions that perpetuated inequalities and injustices, including those that could contribute to child abuse. Marx's focus was on highlighting the exploitative nature of capitalism and calling for a more equitable society.
What did Karl marx s of say drives the evlolution history?
Marx believed that the driving force behind the evolution of history was the struggle between different socioeconomic classes. He theorized that this class struggle would ultimately lead to the overthrow of capitalism and the establishment of a communist society.
Karl max said that dignity of man can be found in labor . What can you say about it?
I would say that Karl Marx performed very little labor himself, or he might have had a different thought about it.
What did marx say about labour?
Karl Marx viewed labor as the source of value in society, believing that it was through labor that individuals could express their creative and productive capacities. He criticized the exploitation of labor under capitalism, where workers were alienated from the products of their work and were not able to realize their full potential. Marx advocated for a system where labor was controlled by the workers themselves, leading to a more equitable distribution of wealth and power.
What did Karl Marx say about the US Civil War?
He supported the North. As an improvement I'll add this quote from Marx Marx hailed the Union war effort as a matchless struggle for the reconstruction of a social world.
Did Karl Marx say capital is produced by the capitalist?
Yes, Karl Marx argued that in a capitalist system, capital is produced by the exploitation of labor by the capitalist class. He believed that profits are derived from the surplus value created by workers that is not returned to them in the form of wages.
Who was smarter Karl Marx or Friedrich Engels?
It is difficult to definitively say who was smarter between Karl Marx and Friedrich Engels, as intelligence is subjective and multifaceted. Both Marx and Engels were influential thinkers in the development of Marxist theory, with Marx contributing more to economic and philosophical works while Engels provided practical and literary support. Their collaborative efforts were essential in shaping the communist ideology.
With what country was Karl Marx associated with and why?
Karl Marx was associated with Germany. He was born in Trier, Germany, and developed his theories on capitalism and communism while living in various European countries, including Germany, France, and England. His most famous work, "The Communist Manifesto," was co-written with Friedrich Engels and published in 1848.
Did Karl Marx say that the government should encourage competition between businesses?
It was Adam Smith, not Karl Marx, who said that government should encourage competition between business. In a (theoretical) communist society there is no competition because everyone works solely for the common good.
