Karl Marx
Karl Marx saw many problems with the capitalist system. He tried to identify and remedy the problems of capitalism through his creation of Marxism. He felt that capitalism benefited the owners of the means of Karl Marx describes capitalists as people with a “vampire thirst for the living blood of labour.” As he describes capitalism his main objection to the economic system is what was know as the “labor theory of value.” The theory says that the value of any commodity is a function of the amount of labor that it took to produce it. In capitalism, labor is a commodity the value of the labor is determined by it’s cost. The cost of a worker’s labor is the cost of sustaining him. Marx says only in an ideal world will the product be sold for it’s just price. Capitalists attempt to find a way to receive a profit from this product. They do so by forcing the laborer to work more hours than are needed for his own survival. Lawhead says that Marx
making the product, whose total value, is equivalent to support himself and because of what they do, he says they are merely helpless victims of the laws Communism, there would be no more social or economic classes because products whose value is taken by the capitalist. This describes how the the Proletariat will use there political power to clean out the last remnants of
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Approximate Word count = 705
Approximate Pages = 3 (250 words per page double spaced)
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