GOBALIZATION

Gobalization

Gobalization

Karl Marx was a German communal philosopher, born in 1818, the chief theorist of up to date socialism and communism. He was the most influential socialist thinker to appear in the nineteenth century. Although he was disregarded throughout his lifetime by thinkers and scholars, but his concepts on economics, sociology and government gained acceptance after his death. He became more famous after his death than he was in his lifetime. This could be due to the delayed publication of his works. Marx's one of the influential works was on the Capitalist humanity, Capital 1867. In Capital he analysed the capital method of production and elaborated on his type of work theory worth and the conception of surplus value and exploitation of labour in a capitalistic society(Lysandrou, 2000).

Capitalism is a class society, in which the domination of the capitalist class or the bourgeoisie is founded upon its ownership and control of the vast bulk of the society's means of production. According to Marx, capitalism is a system of universal commodity production where even labour power is a commodity. In a capitalistic society, economic power dictates politics and culture. People who own the means of output dictates the people who does not own the means. Everyone battles for their survival and for the persons who does not own any means of output, their only survival is through employed for those who owns the means of production. The factories and the agencies in which the work works are controlled by the capitalist. As back in history, feudal lords used to own the land, slave lords owned slaves, likewise in up to date times, capital class or the capitalist owns portions in the means of output all starting with the ownership of money. Marx contends that the people who owns the means of output exploit people who doesn't owns any means(Henry, 1999).

Exploitation is a key coordinating standard of capitalism. Capitalist exploitation is determined at the social level and it is mediated by the market-led distribution of labour and its products. Marx defines exploitation as the difference between the value produced by the labour and the value of labour power. In other words, exploitation for Marx is the surplus value of labour. Exploitation extracts the surplus value from labour and accumulates for the capitalist. It is a relationship of unequal distribution between the capitalists and the labour, and the benefiting of the capitalist class at the expense of the working class. According to Marx, the exploitation did not arose through individual situations but instead resulted from capitalist system, very logically and independently from individual intention. Marx believed that capitalists were 'withholding from workers the just fruits of their labour'. He argued that more than the raw materials it was the skills of the workers which went into the making of the goods and made it possess its value.

In capitalism dominant class maintains itself by controlling a process through which the subordinate classes are required to devote a portion of their working time to the ...