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Material worldsResponse papers should be 3 typed pages addressing the set of readings for the week. Response papers are meant to be commentaries that engage with some of the key issues raised in the readingsfor this course you have some flexibili - Essay Example

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This new way of doing things altered in many aspects the way how people live, do things, view material objects and transact…
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Material worldsResponse papers should be 3 typed pages addressing the set of readings for the week. Response papers are meant to be commentaries that engage with some of the key issues raised in the readingsfor this course you have some flexibili
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Download file to see previous pages repreneurs and the capitalists who invested their monies (capital) into new economic ventures primarily for the profits in return for taking business risks. Capitalism was the new economic structure back then, at the time when Karl Marx also examined its evils such as exploitation of labor, by low wages or the use of child labor or working in unsafe or unsanitary conditions without work-hour limits. One of the legacies of Marx and Engels (his co-author in most of his works) was the idea of the reification, which is the bringing into being or material existence certain ideas or abstractions, as in the case of social relations altered forever by the profit motives of capitalism. In this regard, it is now generally conceded that reification is fallacious although the other idea of Karl Marx that is of the commodity fetishism has withstood the test of time and is still being actively discussed. Capitalism also brought along with it the wider acceptance of the exchange technology or those associated with exchange mechanisms, primarily through the use of money to further exchanges of things of value and including services. Previously, people make things individually, manually or singly such that they become attached to the finished products as a proud result of their labors. Today, capitalist methods of production, which are the assembly lines, manufacturing factories or mass production facilities has caused people to be separated, what Marx termed as alienation.
Capitalism is anchored on the fixed structures of production, exchange and consumption which in turn caused the commoditization of most common things. This means valuable things in the past are now homogenized to the extent of being inseparable from each other, what Marx had termed as fetishism. However, what is more important is how exchange is conducted through the perception of values. In a modern capitalist and monetized economy, a successful exchange can only occur if there is a willing seller and a ...Download file to see next pagesRead More
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