SCS 1160 Lecture : Class 13. Marx 2.docx

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The way in which marx"s analysis of what would really happen after his death is not what did happen. Capitalism is a class society (what we are living) one class owns the means of production and the other class is excluded from the means of production unless they are willing to work for the owners. One class takes the unpaid labour of the other class, they own the tools and the land used etc. The factors of production: the thing you mix together to produce things. In his analysis, if you are a capitalist you own land and capital, and the workers own the labour. However, labour is not good on its own. The workers can"t use their labour unless they can get to the first to factors of production. The way they do this is by selling their labour. The owners of the means of production take unpaid labour from the others.

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