1975Chinese Economic StudiesRequires access

Chapter Four: How the Capitalists Exploit and Oppress the Workers

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Abstract

Capitalist production is commodity production aimed at reaping surplus value. To understand the nature of capitalist production, we must study Marx's theory of capital and surplus value. Only by equipping ourselves with this theory can we understand the exploitative relation of capitalism, realize the inevitable extinction of capitalism and the inevitable triumph of socialism, appreciate the historical mission of the proletariat, and become conscious revolutionary soldiers of the proletariat.

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Capitalist production is commodity production aimed at reaping surplus value. To understand the nature of capitalist production, we must study Marx's theory of capital and surplus value. Only by equipping ourselves with this theory can we understand the exploitative relation of capitalism, realize the inevitable extinction of capitalism and the inevitable triumph of socialism, appreciate the historical mission of the proletariat, and become conscious revolutionary soldiers of the proletariat.

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Available abstract

Capitalist production is commodity production aimed at reaping surplus value. To understand the nature of capitalist production, we must study Marx's theory of capital and surplus value. Only by equipping ourselves with this theory can we understand the exploitative relation of capitalism, realize the inevitable extinction of capitalism and the inevitable triumph of socialism, appreciate the historical mission of the proletariat, and become conscious revolutionary soldiers of the proletariat.

Key concepts: Proletariat, Capitalism, Surplus value, Neoclassical economics, Socialism, Commodity, Capital (architecture), Value (mathematics)

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