Capitalist exploitation simply means the fact that after its commodification the price of your work force on the market is much lower than the value it produces.
Think about it this way: worker X in company Y is producing commodity Z (goods&services). But a wage's worth of commodity Z is created by worker X in only a few hours of labour. The value his work force is rented for by the capitalist is much smaller than the value it creates. The private person owning company Y (don't forget corporations are also legal private subjects) then
appropriates the surplus value created by the labourer.
Simply put: if a labourer creates the value of his wage in a very small amount of his labouring time, who then, is he in fact labouring for most of the time?
Not only does capitalist exploitation entail that most of the value that working people create will be appropriated from them, but also that their limited precious time on this planet will be appropriated from them.
Think about it this way: worker X in company Y is producing commodity Z (goods&services). But a wage's worth of commodity Z is created by worker X in only a few hours of labour. The value his work force is rented for by the capitalist is much smaller than the value it creates. The private person owning company Y (don't forget corporations are also legal private subjects) then
appropriates the surplus value created by the labourer.
Simply put: if a labourer creates the value of his wage in a very small amount of his labouring time, who then, is he in fact labouring for most of the time?
Not only does capitalist exploitation entail that most of the value that working people create will be appropriated from them, but also that their limited precious time on this planet will be appropriated from them.
Mark sold 100 fast food meals priced at $5 in 8 hours. In two days the total value he creates is $1000. Yet he has to work for a full month to receive a salary, a wage of $800. Because Mark in unaware of capitalist exploitation he believes he is reverencing a fair pay for his work when in fact he is labouring extensively for the profit of other people.
by daskapital July 13, 2014
Get the capitalist exploitation mug.by MrNarwhal101 August 22, 2010
Get the Axe of Capitalism mug.While in normal capitalism a few fat cats sit at the top, super capitalism is so invested in the private entreprise that every single individual collectively owns a portion of the business, in order to prevent the interference of private ownership with inelastic market forces such as health care or public transportation.
by Updraft December 14, 2020
Get the Super capitalism mug.Like normal capitalism, but SUPER.
While in regular capitalism anybody could become rich, in SUPER capitalism EVERYBODY can get rich because private ownership has been SUPERfied so much that everybody privately owns part of the business they work at.
While in regular capitalism anybody could become rich, in SUPER capitalism EVERYBODY can get rich because private ownership has been SUPERfied so much that everybody privately owns part of the business they work at.
"Hey, doesn't this SUPER Capitalism thing sound a bit like Market Socialism?"
"Nah, socialism means Hitler."
"Nah, socialism means Hitler."
by Sitbear December 31, 2020
Get the Super Capitalism mug.n. Crony capitalism is a colloquial term describing a "market economy" in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism to connected businesses in the distribution of legal permits, government grants, special tax breaks, and so forth. This favoritism is rewarded by campaign contributions or outright kickbacks to politicians or their supporters. As such, it creates an oxymoron of sorts, in that success of a business in a free market (capitalism) does not depend on free-market forces. It is also a obvious source of corruption of both business and government.
In the United States, Fannie Mae and Freddie Mac are examples of Crony Capitalism. Government backing let Fannie and Freddie dominate mortgage underwriting. The politicians created the mortgage giants, which then returned some of the profits to the politicians - sometimes directly, as campaign funds; sometimes as "contributions" to favored constituents.
by Dan Weyandt October 5, 2011
Get the Crony Capitalism mug.To live like a capitalist, means to make $100,000 while still living in your parents house/basement. This is usually shouted at hecklers when asked how much you make.
by Sandrock323 October 27, 2018
Get the Live like a capitalist mug.when big corporations pretend to support gay people and trans people but they actually just want more people to buy their stuff
Person A: Hey look, there is a trans man in the new Gillette commercial!
Person B: Don't get your hopes up, it's just rainbow capitalism
Person B: Don't get your hopes up, it's just rainbow capitalism
by vejtics June 2, 2019
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