Ethics and the Market: Marx Flashcards
What does Marx say about capitalism’s sources of income?
- Sale of one’s own labor
- Ownership of the means of production
Owners __ (do/ do not) pay workers the full value of their work
do not
What do owners do with the profit?
Pocket the “surplus” value of work
What does Marx say about what happens to those in control?
Those who control means of production become more powerful and exploit workers
Owner Class
Bourgeoisie
Exploited working class
Proletariat
What does capitalism do to workers
Alienates workers from their true selves by robbing them of control and forcing them to satisfy an employer’s needs
What are workers alienated from
Own productive work, the products of their labor, little control over how they relate to one another (Competition) and determining what real humans needs are
Root causes of worker alienation in a capitalist society?
Seeing everything in terms of price and private ownership of means of production
Why is seeing everything in terms of price is a root cause of worker alienation
Everything can be commercialized and turned into a commodity
Ignores relationships and care
Why is private ownership of means of production is a root cause of worker alienation?
Productive property should benefits everyone(not just the owners)
Marx says who controls political process and shapes our beliefs in a capitalist society
The wealth class
Marx says that the government then exists to protect who
The interest of ruling class
Worker alienation + government influenced by Capitalism = _____
Immiseration of workers
Mass production leads to surplus goods, which causes what to the economy. According to Marx
Economic depression
