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Marx viewed capitalism as a mode of production that results in the exploitation and virtual enslavement of the wage laborer by the owner of capital. “Marx recognized various modes of production and considered each to be associated with a particular social structure (pg. 348, Marx).†Capitalism as a mode of production consisted of two factors, the means and modes of production...
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The means of production incorporate “ the material, instrument, and product of labour,†and these determine the relations of production which are the “relative position[s] of these individual groups†to one another (pg.161, Marx). Capitalism, Marx believed, was fueled by greed for increased wealth at the expense of laborers and to the ultimate destruction of the entire system...
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