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Topic: History
Number of pages / Number of words: 6 / 1431
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He argued that through capitalism the workers were been exploited for profit, this profit was known as the surplus value. Marx claimed that the surplus value was the basis upon which capitalism operated, he wrote in his critically acclaimed Capital "Without the production of the surplus value there can be no capitalist production, and hence no capital and no capitalism...


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Through his work, Marx managed to put across the argument that if in a capitalist economy all goods are sold at a price that mirrored their true value, including labour itself, how were capitalists able to turn over profit, the only logical explanation was through the exploitation of the worker. This meant that the workers would be working harder or for more hours without their wages rising in proportion with the increase in the price of the good...


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