1. Example
1.1. Germany one of the most capitalist countries
1.2. Current world players in technology industries
1.3. Play dominant role in exporting
1.4. Capitalist traits can be found in banking and education system.
1.5. Tran its labour force to succeed in various industry
1.6. Producing and distributing goods ( land, technology, transport system ) are owned by a small minority of people
1.7. Motive : Profit
1.8. 2 classes of capitalist
1.8.1. minority of people
1.8.2. majority of people - sell their ability to work, paid to produce goods and services .
1.9. Global system of society
1.10. USA
1.10.1. Non- profit making and no class divided, just independent produces exchanging goods for their mutual benefits are refer to free market that have no capitalist.
1.10.2. Free market economy can be capitalist
2. What?
2.1. Capitalism is a commodity which refers to useful external object, produced for exchange on a market.
2.1.1. Commodity = 2 Conditions which are Existence of a market and Social Division Of Labour.
2.2. Distinctive that involves not merely the exchange of commodity but advancement in capital.
2.3. 2 Transformations: i) command a higher price ii) Yield a profit
3. Who?
3.1. Marx
3.1.1. commodity have both use - value / exchange -value.
3.1.2. 2 Stages arguement for the labour theory of value.
3.1.2.1. i) 2 object can be compared in the sense of being, then there must a third thing of identical magnitute.
3.1.2.2. ii) Search for appropriate third thing which is labour as the only plausible common element.
3.1.3. Claims that no previous theories has been able adequately to explain how capitalism as a whole can make profit
3.1.4. His solution is the idea of exploitation of the worker.
3.1.5. Surplus value - source of all profit
3.1.6. Theory of profit is the result of labour performed
3.1.7. He provides mathematics to explain this is known as the transformation problem.