1Capitalism, Today: Competitions Relationship to Surplus Value and Concentration ofCapitalKarl Marx is one of the well-known names in social science and social theory. Marx, aGerman, spent a significant portion of his career providing us with a total socialist critique ofmodern society (Kamenka xi). Capitalism, a novel system at the time, was at the center ofMarxs views on society. Capitalism is a system with two classes: owners, who own factoriesand control resources needed for production, and workers, who are dependent on owners to usetheir factories and resources (Marx 1983). The owners in capitalism must compete with eachother, in order to avoid falling out of the owner class into the worker class (Marx 1983). Further,competition drives the owners to seek out innovation and this results in more exploitation of theworker class (CITE). Competition, therefore, is both essential in capitalism, and deeply rootedwithin it. Marxs assertion of competition as an underlying force within capitalism links twomore of his concepts, surplus value and concentration of capital, and shows that these ideas caninfluence and impact each other within the capitalist system. These are exemplified today byexploitation of factory workers and large corporate mergers, and further demonstrate how ourcurrent capitalism is at risk of collapse in the not-so-distant future.Marxs concept of surplus value is somewhat challenging to grasp, but it is essential inunderstand ...
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