agde 201 requirement 4b.docx - CRESINO FLOREZA MAY T MAgDvB – AnPrdn 3 AGDE 201 – Rural Development Theories and Approaches IDEAS OF KARL MARX Based

agde 201 requirement 4b.docx - CRESINO FLOREZA MAY T MAgDvB...

This preview shows page 1 - 2 out of 4 pages.

CRESINO, FLOREZA MAY T. MAgDvB – AnPrdn. 06-1-00663 AGDE 201 – Rural Development Theories and Approaches IDEAS OF KARL MARX Based on the ideas of Karl Marx he emphasizes the theory of materialism in which he contended that it is the social being of men that determines their social consciousness. Marx’s analysis of history is based on his distinction between the means of production, literally those things, like land and resources, and technology, that are necessary for the production of material goods, and the social relations of production, in other words, the social relationship people enter into as they acquire and use the means of production. The capitalist mode of production is capable of tremendous growth because the capitalist can, and has an incentive to reinvests profits from new technologies. Under capitalism people sell their labor-power when they accept compensation in return from whatever work they do in a given period of time (in other words, they are not selling the product of their labor, but the capacity to work). In return for selling their labor power they receive money, which allows them to survive. Those who must sell their labor power are the “proletarians”. The person who buys the labor power, generally someone who does own the land and technology to produce, is “capitalist” or “burgeois”. This is true in the society as well as in the economy experienced by those who were working in the private companies as well in the public sector. Workers were satisfied on what they have received in return of their labor offered for the good of the company however, the capitalist or the manager has no hassle or only small amount of labor force rendered. This is so unfair for the workers because the amount they received in their salary is not equal the amount they offered, however there is no choice of the workers because they need their work and willing to sacrifice just to raise their families and they know that is hard to find a job in this generation. Marx insisted that the proletarians and capitalist should have an equal returns of the services they offered for the good of the company as well as their workers. There were also some people who were not satisfied of the salaries they received in their companies especially here in our country that they tend to find other options just to sustain the needs of their families and one option they take was to apply to other countries or abroad because they know that the amount of labor they rendered will have a double amount of salary they will receive compared here in our country. This is one of the problem faced by our country and this tends to increase the unemployment rate as well as the poverty incidence.
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Spring '19
  • Renan Quirante

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes