Question 7
Political IdeologiesThe central point of capitalism, as expounded by Karl Marx, is that
- A.capitalists' profit is the surplus value obtained from workers' labour
- B.workers are inherently incapable of being owners of their labour
- C.capitalists shall always increase workers earning capacity through wages
- D.capitalists shall always readily consent to workers' welfare demands
Show the answer and explanation
Answer: A (capitalists' profit is the surplus value obtained from workers' labour)
Explanation
Marx argued that workers produce more value than they are paid in wages, and the capitalist keeps this extra (surplus value) as profit.