Explain and assess Marx's claims that the capitalist extracts ?surplus value' from his/her labourers, and that this constitutes exploitation.
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Title: Explain and assess Marx's claims that the capitalist extracts ?surplus value' from his/her labourers, and that this constitutes exploitation.

Essay Details:

Subject: Philosophy
Author: Valerie B
Date: January 11, 2016
Level: University
Grade: B
Length: 11 / 3190

Essay text:

other commodities that will allow him or her to survive, hours after that, given to the capitalist are a ?surplus', it is this ?surplus' labour that creates ?surplus' value and is this value that maintains profit in a capitalist system. The understanding of exploitation is the inadvertently exploitative process in which the capitalist extracts the surplus. Marx states that only labour can produce wealth because without labour no product can be created (even machinery must first be created at the hands of man) however, in capitalist society labourers only receive a small wage, a small part of the wealth that they have created, this happens ultimately because it is the nature of capitalism...

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