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Karl Marx
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Karl Marx saw many problems with the capitalist system. He tried to identify and remedy the problems of capitalism through his creation of Marxism. He felt that capitalism benefited the owners of the means of production, not the worker. Karl Marx describes capitalists as people with a “vampire thirst for the living blood of labour.” As he describes capitalism his main objection to the economic system is what was know as the “labor theory of value.” The theory says that the value of any commodity is a function of the amount of labor that it took to produce it. In capitalism, labor is a commodity the value of the labor is determined by it’s cost. The cost of a worker’s labor is the cost of sustaining him. Marx says only in an ideal world will the product be sold for it’s just price. Capitalists attempt to find a way to receive a profit from this product. They do so by forcing the laborer to work more hours than are needed for his own survival. Lawhead says that Marx had a theory in which the worker’s day is split into two parts.
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