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Giles20
3rd October 2008, 10:44
Alright everyone

I am a new Marxist and have only recently started analysing his theories. However, i still cannot find an answer to this question:- "Do capitalists have the right to pay a worker less than the value he/she creates on the basis that the means of production is privately owned?" For example, a capitalist can argue that the worker is in turn "renting" the means of production, therefore giving the capitalist the right in taking a percentage off the value created by the worker.

It would be great if anyone can help me, its been bugging me for weeks.

Cheers

Yehuda Stern
3rd October 2008, 11:44
How is the worker renting the means of production? If the worker became owner of his produce, then that claim would at least have some basis (although then we would not have capitalism, or a working class). But given that the capitalist receives the produce, how can it be argued that the worker is renting the means of production?

Giles20
3rd October 2008, 17:31
How is the worker renting the means of production? If the worker became owner of his produce, then that claim would at least have some basis (although then we would not have capitalism, or a working class). But given that the capitalist receives the produce, how can it be argued that the worker is renting the means of production?

I see where you are comming from. Okay, but the capitalist can then turn around and say that they also payed for the raw materials. What would you say then?

Random Precision
3rd October 2008, 21:10
I see where you are comming from. Okay, but the capitalist can then turn around and say that they also payed for the raw materials. What would you say then?

Those raw materials were actually extracted through the labor of other workers, and the capitalist had them sent to another department, or sold them to another company so he could have the profit. At no point in the process are the workers paid the full value of their labor.

Raúl Duke
3rd October 2008, 21:16
http://salsa.babson.edu/Media/Fwright.jpg

This thread reminded me of this comic strip

As the person above mentioned...at no point does labor get the full value of his work.