Profits should be distributed according to the labor that produced it, but capitalism has separated the worker’s wages from the value of the product. The root of the problem, in Marx’s analysis, is the institution of private property. The looming triumph of finance capitalism will leave all but a tiny few in a state of destitution. In the end, industry will triumph over agriculture, and money will triumph over industry since money is the sole asset that needs no specific physical location and is convertible into any conceivable good. The productive techniques of capitalism will soon enter agriculture, paring down the labor force and driving the surplus into the cities to find industrial work. For centuries, landowners earned money by charging rents to tenant farmers, but the profits necessarily depend on the fertility of the soil and the relative availability of workers in rural areas. In the meantime, the landowners who represent the traditional form of economic power are fast on their way to dying out. More innovative industries will find ways to reduce labor costs and thus the cost of their final product thereby weakening the position of workers and also bankrupting smaller firms that cannot achieve the same economies of scale.
Mineola, NY: Dover Publ., 2007.įind citation guides for additional books linked here.While capitalists promise that a larger pie will increase everyone’s share, Marx predicts that greater wealth will generate greater inequality. Economic and philosophic manuscripts of 1844.
Economic and philosophic manuscripts of 1844, NY: Dover Publ. Karl Marx and Martin Milligan, Economic and Philosophic Manuscripts of 1844 (Mineola, NY: Dover Publ., 2007). Milligan, M., Economic and philosophic manuscripts of 1844 Dover Publ.: Mineola, NY, 2007.ġ. Mineola, NY: Dover Publ.ġ Marx, Karl, and Martin Milligan, Economic and Philosophic Manuscripts of 1844 (2007) Economic and Philosophic Manuscripts of 1844. Economic and Philosophic Manuscripts of 1844 Dover Publ.: Mineola, NY, 2007.ġ. Here are Economic and philosophic manuscripts of 1844 citations for 14 popular citation styles including Turabian style, the American Medical Association (AMA) style, the Council of Science Editors (CSE) style, IEEE, and more. Economic and philosophic manuscripts of 1844, Mineola, NY: Dover Publ. Translated and edited by Martin Milligan. Karl Marx, Economic and Philosophic Manuscripts of 1844, trans. Economic and philosophic manuscripts of 1844 (M. Edited and translated by Martin Milligan, Dover, 2007. Here are Economic and philosophic manuscripts of 1844 citations for five popular citation styles: MLA, APA, Chicago (notes-bibliography), Chicago (author-date), and Harvard style. If you are looking for additional help, try the EasyBib citation generator.
Economic and philosophic manuscripts of 1844 is cited in 14 different citation styles, including MLA, APA, Chicago, Harvard, APA, ACS, and many others.
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