Karl Marx saw many problems with the capitalist system.
identify and remedy the problems of capitalism through his creation of .
Marxism. He felt that capitalism benefited the owners of the means of .
production, not the worker.
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 had a theory in .
which the worker's day is split into two parts. First, the hours that are spent .
making the product, whose total value, is equivalent to support himself and .
his family. The second part of the work day consists of the worker producing .
products whose value is taken by the capitalist. This describes how the .
capitalist makes a profit on the surplus value. .
Marx says that capitalism split's the capitalist system into two parts. .
These are the Bourgeoisie, the richest of the people, and the Proletariat, the .
working class. According to Professor Ron Hagaman of Mc Henry County .
College, these sides are in a constant struggle for control of the economy. .
Since the Bourgeoisie control the means of production, they also control all .
the power, and thus keep the Proletariat poor and powerless. This is so that .
they can not rise up and take control of the system. The Bourgeoisie use the .
power of the State to execute their commands.