|Date:||May 10, 2012|
|Length:||2 / 308|
|No of views:||0|
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Under capitalism, Marx continues, the workers, in order to support their families are paid a bare minimum wage or salary. The worker is alienated because he has no control over the labor or product which he produces. The capitalists sell the products produced by the workers at a proportional value as related to the labor involved...
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Surplus value is the difference between what the worker is paid and the price for which the product is sold.
An increasing immiseration of the proletariat occurs as the result of economic recessions; these recessions result because the working class is unable to buy the full product of their labors and the ruling capitalists do not consume all of the surplus value...
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