What does karl marx’s perfect world look like

According to Karl Marx, factory owners stole from the working poor by paying them less than the full value of what they produced. His claim was based on the belief that labor is the source of all value, and on his constrained view of what constituted labor. For example, his definition of labor did not include the work done by the:

• Inventor of the product produced by the factory

• Entrepreneur (often, but not necessarily, the inventor) who identified the market demand for the product and decided to build a factory

• Capitalist (often, but not necessarily, the entrepreneur) who provided some or all the financing

• Financiers who found other investors willing to risk their resources to build and equip the factory

• Managers who coordinated the workers’ efforts

• Marketers who made consumers aware of the product and of its potential benefits

Marx also ignored the surplus value that customers obtain when they purchase the product made by the factory. Note that if there were no surplus value to be had from the product, no one would buy it.

By demanding that the workers on the factory floor receive all the product’s value, he was demanding that no one else responsible for the existence of the product would be paid and that consumers would not gain by purchasing the product. In effect, Marx’s “perfect world” was one in which no one would have an incentive to invent, produce, or purchase anything.

Explanation:

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