Essay heading: Marxist View of the Capitalistic Mode of Production and Exploitation

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Philosophy

 

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Date added:

May 3, 2008

 

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4 / 973

 

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It is important to note that these wealthy persons have considerable incentive to reinvest their profits into the means of production, thereby improving technology and lowering input costs, but at the same time furthering the dependence of the proletariat on the bourgeoisie by making the prospect of a return to the old modes of production increasingly less viable...
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However, Marx argues that this process cannot sustain itself without the fulfillment of certain conditions. The capitalist mode of production relies upon an expanding market and the constant overhaul of the means of production, though these requirements are not always met and the result is economic crises...
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