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3.Marx argued that the most distinctive feature of capitalism is its treatment of labour-power as if it were a commodity. What did he mean, do you agree - Essay Example

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If one takes a close look at the human civilization, one will be able to point out that the economic constituent of it has always played an important role. Indeed, while the scholars may note the development in science or culture, it is beyond any doubt that the history of the…
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3.Marx argued that the most distinctive feature of capitalism is its treatment of labour-power as if it were a commodity. What did he mean, do you agree
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3.Marx argued that the most distinctive feature of capitalism is its treatment of labour-power as if it were a commodity. What did he mean, do you agree

Download file to see previous pages... Indeed, capitalism was largely critiqued by this philosopher. One of the major claims focuses on the idea that it treated the labour power as a kind of commodity which constituted the most distinctive feature of it. This paper will analyze the above mentioned claim in great detail and will argue the validity of it.
To begin with, it would be logical to focus on the key word in the expression, namely commodity. Indeed, it may not be an exaggeration to suggest that employers who are capitalists largely view the concept of labour power in terms of supply and demand – the categories which are commonly used for commodities. Thus, every large company which may be considered to be a stronghold of capitalism tries to determine the available supply of the labour force that there is on the market so that the demand for it can be readjusted (Wood 1975, p. 142). In other words, the attitude towards people who are willing to work is depersonalized and primarily relies on the numerical data which determines the efficiency of engaging people in the production (Rourke & Rourke 2005, 128). All this results in the fact that the capitalists do not hesitate when they have to make a reduction. For them, labour power is nothing but an economic variable that is influenced by the external factors and needs to be readjusted (Carchedi 1991, p. 13). It is quite understandable that capitalists should not take problems of the people who work for them too close to their hearts as there are just too many of them; nevertheless, the cold logic of capitalism argues whenever there is a crisis that can be solved by layoffs, the latter will be used without hesitation (Meuse 2003, p. 310).
In order to develop a better understanding of the idea that was expressed by Marx, one should also take into close consideration the notion of labour power. Thus, it must be noted that according to this German philosopher the development of the social environment is largely ...Download file to see next pagesRead More
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