Core characteristic of capitalism
Generalized commodity production based on wage labor and exchange for profit.
| Term | Definition |
|---|---|
Core characteristic of capitalism | Generalized commodity production based on wage labor and exchange for profit. |
Marx's primary objective of capitalism | The endless accumulation of capital and generation of surplus value. |
Capitalism vs. slavery and feudalism | Workers are legally free to sell labor power rather than being owned or bound to land. |
Social relations in capitalist society | Determined primarily by market exchange and commodity relations. |
Commodification of labor power | Treating human labor capacity as a bought-and-sold market commodity. |
Illusion of worker freedom under capitalism | Workers must sell labor power to survive, lacking access to means of production. |
Forced labor in capitalism | Economic compulsion forcing workers to labor for capitalists to avoid starvation. |
Relationship between laborers and employers | An antagonistic relationship rooted in exploitation and unequal power. |
Fundamental objective regarding commodities | The production of exchange value and realization of profit. |
Ties between individuals in capitalism | Reduced to monetary and economic exchange relations (the cash nexus). |
What distinguishes humans from animals | Conscious, purposeful, and creative labor. |
Work and labor in relation to human nature | The fundamental medium for human expression and fulfillment. |
Marx's term for unique human qualities | Species-being (Gattungswesen). |
How individuals maintain existence in society | Through productive labor and social relations of production. |
Key focus for understanding society | Material conditions and the prevailing mode of production. |
What would be abolished in communism | Private property, wage labor, and class inequality. |
Result of communism on class relations | The complete elimination of classes and class struggle. |
What communism represents | The true emancipation of humanity and the end of human prehistory. |
Definition of communist society | A society where private property, profit, and class inequality are eliminated. |
Role of communes in Marx's vision | Examples of cooperative living and non-alienated collective labor. |
Focus of historical materialism | How material and economic conditions shape history and social institutions. |
Basis of all social structure (Engels) | Economic production and the distribution of goods. |
Emergence of historical change | Driven by contradictions and conflicts within the mode of production. |
Downfall of capitalism | Caused by internal economic contradictions and proletarian revolt. |
Role of class consciousness | Unites workers to recognize exploitation and overthrow capitalism. |
Impact of technological advances | Deskilled labor, increased automation, and intensified worker exploitation. |
Dialectical materialism | Explaining social change through material conditions and internal contradictions. |
Dialectical process of historical change | A dynamic process driven by conflict between opposing social forces. |
Thesis in dialectical materialism | The existing social or economic order. |
Humans and historical change | Humans actively engage with and shape historical change. |
Advantage of division of labor (Adam Smith) | It encourages workers to become accomplished in various branches of activity. |
Division of labor's impact (Marx) | Stunts human potential, causes monotony, and alienates workers. |
Alienated labor | Separation of workers from their products, process, self, and others. |
Workers and products produced | The product confronts the worker as an alien, hostile power. |
Coercion in capitalist production | Wage slavery and systemic economic compulsion. |
Alienation from species being | Turning creative work into mere physical survival drudgery. |
Estrangement of individuals | Pitting workers against each other through relentless competition. |
Purpose of competitive workplace awards | To reward compliance, productivity, and inter-worker competition. |
Threat to employed workers' livelihoods | Maintained through the reserve army of labor (unemployment). |
Global impact of inter-worker competition | Drives down wages globally and weakens working-class solidarity. |