Thursday, January 22, 2009

Labor Theory of Value-- Marx Assignment

As we all know, or if you don't Marx was a man in the 1800 who basically despised the idea of capitalism and even predicted that one day it would fall. He had many idea's and many theories. One idea was the Labor Theory of Value. It basically means that labor runs capitalism. Which sadly is true. Workers (which is basically everybody) work all day or all night or sometimes both for the big capitalists that own the company, workers make the products that earn their bosses millions and billions of dollars but in return they get little to nothing for their labor. But thats just corporate America. What Marx believed in about the economic structure of capitalism is completely true.

The fall of capitalism, it seems, is always avoided. Why? because the rich would never be able to survive the day where they stop making money. They depend on the labor of the poor. Marx predicted that the fall of capitalism would require a lot of work. Workers would have to form unions, get political help, strike companies, get arrested (possibly beaten depending on the arresting officer and the workers' heritage) and basically gamble the chance of losing your job permanently rather than winning over the big bad rich capitalists. So you can see why many people would choose to stay under the evil rule of capitalism. Maybe Marx underestimated America

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