Karl Marx Theory Of Overproduction

989 Words2 Pages

Karl Marx’s analysis of overproduction continues to be relevant in contemporary US society. Marx explains that “because there is too much civilization, too much means of subsistence, too much industry, too much commerce” capitalism will always contradict itself and make working life for the majority of people ‘alienated.’ These are the underlying crises that are propelled by the ‘bourgeoisie’, who enforce a continuous cycle of oppression for the ‘have nots’ in society.
Overproduction the primary source of many issues that arise within Marx’s theory, this predicament occurs because of a constant desire to innovate within the cycle of industry. Therefore, this creates overproduction, which brings forward a wave of adversity, and primarily for …show more content…

This exemplifies the relentless cycle that is still sustained in overproduction, primarily because of machinery. The desire to continue innovating produces an over-efficient industry, where the workers are either placed out of jobs or forced to endure abusive working conditions. The ‘bourgeoisie’ do this to compensate for the loss created by overproduction. Consequently, Marx believes this leads to the conquest of new markets, which ultimately leaves old ones simply exploited or displaced, stating “now no longer sufficed for the growing wants of the new markets...The guild-masters were pushed on one side by the manufacturing middle class..Meantime the markets kept ever growing, the demand ever rising. Even the manufacture no longer sufficed...The place of manufacture …show more content…

Consequently, it continues to exist, and people become suppressed into a never ending circle of unhappiness and disproportion of wealth. Heather Clark explains this dilemma affirming “The worker becomes poorer the more wealth he produces, the more his production increase in power and extent” (p.387). The worker is enthralled into a state of ‘alienation’, turning his effort and production into the wealth of those who simply exploit them. Accordingly, those who have money, the ‘bourgeoisie’ create capitals, and grow their power in order to continue dictating the lives of the common worker, who come to inherit the consequences of overproduction. Marx similarly sustains this notion affirming “Hence, the cost of production of a workman is restricted, almost entirely, to the means of subsistence that he requires for his maintenance…the price of a commodity, and therefore also of labour, is equal to its cost of production...as the repulsiveness of the work increases, the wage decreases” (p.227). By creating these wretched working conditions the ‘Proletariats’ are forced to give away their work in hopes of acquiring those everyday necessities. This reduces the labourer to nothing more than an accessory of production, which is caused by the ever growing desire for capital .This idea draws a parallel between alienation and Marx’s concept of capitalism. In this analysis Marx believes it must be

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