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Capitalism in Karl Marx’s words
Capitalism in Karl Marx’s words
Capitalism in Karl Marx’s words
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Karl Marx and Wal Mart
When we think of the well-known private employer “Wal-Mart” what exactly comes to our minds? We may think of Wal-Mart as being a convenient, useful, low price department store that contains our everyday goods and necessities. On the outside perspective, we are generally appreciative of the fact that Wal-Mart exists and is able provide for our needs. But do we ever think of what happens inside the company? While customers may be happy, the employees can be considered as angry, disappointed, frustrated, and struggling do to harming executive wage decisions. While many employees are getting cut from their full time positions to part-time, they are also getting a decreased pay. In this theoretical application paper, I will be applying the father of conflict theory Karl Marx’s theoretical concepts to a Wal-Mart news article. There are many different theoretical concepts that I will be applying throughout this application essay. These major concepts applied are capitalism, Bourgeoisie, Proletariat, haves, have-nots, exploitation, class consciousness, and objectification.
Capitalism, is among one of the most important concepts and mainframe of this application paper. According to the 2009 film “Capitalism a Love Story,” capitalism is considered as taking and giving, but mostly taking. Capitalism can also be defined as a mode of production that produces profit for the owners (Dillon, 72). It is based on, and ultimately measured by the inequality and competition between the capitalist owners and the wage workers. A major facet of capitalism is constantly making and designing new things then selling afterwards (Dillon, 34).Capitalism has emerged as far back as the middle ages but had fully flowered around the time o...
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...s really mean, they can also be found in many places in the capitalism world. Wal-Mart in this case was a very good candidate. The concepts directly applied to employee frustrations of getting demoted, having their wages capped, and being exploited. Though these are unfortunate circumstances for the employee that demonstrate the inequality between the executive and employee, these moves are deemed necessary of the functioning of society.
Works Cited
Capitalism A Love Story. Dir. Michael Moore. Paramount, 2009. DVD.
Dillon, Michele. Introduction to Sociological Theory: Theorists, Concepts, and Their Applicability to the Twenty-first Century. Chichester, U.K.: Wiley-Blackwell, 2010. Print.
Greenhouse, Steven, and Michael Barbaro. "Wal-Mart to Add More Part-Timers And Wage Caps." The New York Times. The New York Times, 01 Oct. 2006. Web. 16 Feb. 2014.
Henslin, James M.. "The Sociological Perspective." Essentials of sociology: a down-to-earth approach. 8th ed. Boston: Allyn and Bacon, 2008. . Print.
Wal-Mart has had a significant economic impact on the US, as well as the economies of countries that have relations with the US. Wal-Mart is the world’s biggest company of any kind, with 80 percent of the households in America purchasing something from the superstore; it is the nation’s largest retailer. Wal-Mart’s continuing price reduction has given Americans the advantage of being able to afford 15 to 20 percent more than they previously could. (Hansen) In a world governed by globalization and greed, competition has become rigid; as a result firms like Wal-Mart have utilized advanced marketing strategies to insure that they are on the ‘neck’ of competition, and are the core deciders of the market. (Ortega) However, Wal-Mart made decisions that were of a disadvantage to aspects of the economy, including the depletion on a small scale of Small Town USA.
Wal-Mart represents the sickness of capitalism at its almost fully evolved state. As Jim Hightower said, "Why single out Wal-Mart? Because it's a hog. Despite the homespun image it cultivates in its ads, it operates with an arrogance and avarice that would make Enron blush and John D. Rockefeller envious. It's the world's biggest retail corporation and America's largest private employer; Sam Robson Walton, a member of the ruling family, is one of the richest people on earth. Wal-Mart and the Waltons got to the top the old-fashioned way: by roughing people up. Their low, low prices are the product of two ruthless commandments: Extract the last penny possible from human toil and squeeze the last dime from its thousands of suppliers, who are left with no profit margin unless they adopt the Wal-Mart model of using nonunion labor and shipping production to low-wage hellholes abroad." (The Nation, March 4th 2002 www.thenation.com/doc.mhtml?i=20020304&s=hightower).
A Macro-Sized Microcosm describes how Wal-Mart is a ‘macro-sized microcosm’ for America’s socioeconomic problems. New technology in the marketplace has created a conflict between labor and capital. This is ruining the U.S. manufacturing base. This reading states that Wal-Mart benefits by relying on suppliers and subcontractors. Wal-Mart buyers demand the lowest price possible, making it competitive with their suppliers. A way they do this is by adding cost efficiencies. These demands make it difficult for suppliers to provide employees with decent wages and suitable working conditions. The government endorses these circumstances. The federal and state governments support Wal-Mart with about $4 billion. This includes “free or reduced price land, tax breaks, sales tax rebates, state corporate income tax” et cetera. Most Wal-Marts in the U.S. receive government subsidy. This makes the price of commodities low and keeps them ahead of the
Hellerman, Caleb. 2004. “The Wal-Martization of Everywhere” & “Low Road/High Road.” Retrieved March 6, 2004 from: www.inequality.org.
The Wal-Mart Corporation is a multi-billion dollar low-cost retail organization, consisting of 6400 stores and 1.8 million sales associates worldwide. Wal-Mart’s influence on the retail world and the enormity of their corporate size is unparalleled. Wal-Mart can easily report sales of $312.4 billion dollars per fiscal quarter and net profits of $3.8 billion dollars. Wal-Mart promises her customers "Always low prices. Always!" and upholds this motto by providing low prices to her customers and high return on investment to her stockholders. One way that Wal-Mart has managed to maintain a competitive edge over other low cost retail giants and provide low prices is by cutting wages and by not offering too many company benefits to their employees. Full-time employee working at Wal-Mart only make $8 an hour, while only 45% of the workers can afford to be covered by health insurance. Wal-Mart also increase part time employees from 20 percent to 40 percent so that they do not have to cover all of their employees for health insurance . Although Wal-Mart may not provide excellent benefits to her employees, it successfully performs as a legitimate business operating in a capitalistic society. Wal-Mart upholds the primary fiduciary duty to satisfy her stockholder and follows free the market libertarianism model, which states that a business should not interfering with the free market. In a free market Wal-Mart has a direct responsibility to her primary stockholders rather than the employees of a company.
The United States is the most developed capitalist economy in the world. The markets within the economy provide profit-motivated companies endless potential in the pursuance of pecuniary accumulation. Throughout the twentieth-century competitive companies have implemented modernized managerial procedures designed to raise profits by reducing unnecessary costs. These cost-saving procedures have had a substantial effect on society and particularly members of the working class. Managers and owners of these competitive and self-motivated companies have consistently worked throughout this century to exploit the most controllable component of the production process: the worker. The worker has been forced by the influence of powerful and affluent business owners to work in conditions hazardous to their well being in addition to preposterously menial compensation. It was the masterful manipulation of society and legislation through strategic objectives that the low-wage workers were coerced into this position of destitute. The strategies of the affluent fragment of society were conceived for the selfish purpose of monetary gain. The campaigns to augment the business position within the capitalist economy were designed to weaken organized labor, reduce corporate costs, gain legislative control and reduce international competition at the expense of the working class. The owners have gained and continue to gain considerable wealth from these strategies. To understand why the owners of the powerful companies operate in such a selfish manner, we must look at particular fundamentals of both capitalism and corporation strategy. Once these rudiments are understood, we ...
This article is going to tackle the history of one of the largest multinational retailer with more than 8500 stores all over the world, “Walmart”. Walmart now employs more than 2.1 million people, and more than 200 million customers visit their stores every week.
Murray, Jane Lothian, Linden, Rick and Kendall, Diane. (2011). SOCIOLOGY IN OUR TIMES, Fifth Canadian Edition by Nelson Education Limited, Published by Thomson Wadsworth, USA.
The human resource planning at Walmart is arranged in terms of the programs and explanations industrialized and castoff. For instance,
Capitalism dominates the world today. Known as a system to create wealth, capitalism’s main purpose is to increase profits through land, labor and free market. It is a replacement of feudalism and slavery. It promises to provide equality and increases living standards through equal exchanges, technological innovations and mass productions. However, taking a look at the global economy today, one can clearly see the disparity between developed and developing countries, and the persistence of poverty throughout the world despite the existence of abundant wealth. This modern issue was predicted and explained a hundred and fifty years ago in Karl Marx’s Capital.
"Wal-Mart: The High Cost of Low Prices." Top Documentary Films. Web. 8 Aug 2011. .
In stark contradiction to pre-industrial capitalistic characteristics, were those conditions that were endured by workers under capitalism and its emphasis on modern industrialized manufacturing. To Marx it seemed as if the ordinary factory worker was viewed as being no more than a replaceable cogwheel in an enormous and emotionless machine driven only by quotas and greed.
In a capitalistic society, the owner exploits his workers by draining them of their self-worth. A worker gets paid only for his sustenance as the product he works on gets sold by the capitalists in the interests of creating a profit. This leads to the worker’s alienation from his surroundings and his work leading to the estrangement from the process of production. The existing social relationship is inherently antagonistic in nature and will give rise to class struggle that will eventually lead to the collapse of capitalism, and the creation of a new
When the bourgeoisie became the people who owned businesses with the goal of earning a profit, and the proletariats became the working class, whom which the capitalist fed off of through their labor, Karl Marx found it to be very immoral. Through this division of these two classes, Marx believed “the working class would experience alienation” (Communist Manifesto). To replace this alienation and extreme social class structure, he concluded that capitalism had to be put to an end and create a “socialist system that would make all equal and have all people's needs met” (Communist Manifesto). Marx declared that proletarians have “nothing to lose but their chains” (Marx). Which compelled Marx to call for a workers revolution where the proletariat would rise up against the bourgeoisie, overthrowing capitalism.