Short Essay on Capitalism
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Based on the reading pdf that I provided, please answer the question below. Please do not use any outside sources. All answers are given in those two chapters. 500 words.
Marx argues that capitalism is not merely a system that exchanges “use values”, i.e. it is not the simple C-M-C formula. Rather, capitalism is a system of that produces more wealth or “surplus value”. The general formula for capitalism is M-C-M¹, wherein M¹ is Money plus more Money, also known as surplus value.
What commodity is consumed in order to produce surplus value? Does a worker get paid what he/she is worth at the point of purchase, and then at the end of the work day or pay period. Explain.
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