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Marx’s conception of class conflict within capitalism.
Exploitation.
Previous modes of production were characterized by the explicit inequality between the
dominant class (citizens, nobility) and the subordinates (Slaves, serfs). Bourgeoisie mode of
production tries to eliminate this kind of relationship by replacing it with the self-interested
exchange of market (Poulantzas et al. 1973, pg.201). The market brings together the owners of
factors of production and those of labor power into supposedly self-interested equals who can
freely choose to exchange commodities in a free market.
Although the market exchange in the bourgeoisie production appears to be fair, it is still
characterized by the impurity in the relations of production. The owner of factors of production
is not seen to be purchasing labor but rather the labor power which refers to the ability to
undertake certain value producing skills (Mosco 2014, pg.41). The worker is paid a fair wage
which is lower than the value of her labor power. A worker produces more value per unit time
which does not reflect in the wage he/she receives. The result results produced by the labor
power in a day is worth more than the daily cost of labor wage.
The surplus value obtained from production is appropriated by the owner of factors of
production. This belongs to him in the essence that he owns the factors of production. Workers
produced surplus wealth, but they did not enjoy because it was seized by owners of factors of
production as profit for their private use (Block 1977, pg. 25). This is the meaning of exploitative
nature of capitalist relations of production. According to Marx, exploitation was not as a result
of unfair wage, and there it cannot be corrected by just increasing the wage rate. He believed that
exploitation lied in the appropriation of the surplus value. The reason why this mode of
production is unjust is that of the owners of factors of production who accrue wealth based on