It Takes Money to Make Money
Karl Marx was born into a wealthy middle class family in Rhineland-Palatinate. He later went to two Universities where he found his interest in philosophical ideas. “Karl Marx (5 May 1818-14 March 1883) was a Prussian philosopher, economist, sociologist, historian, journalist, and revolutionary socialist. His ideas played a significant role in the development of social science and socialist political movement” (Wiki.org). His collective theories on society became known as Marxism- “Hold that all societies progress through the dialectic of class struggle: a conflict between an ownership class which controls productions and a lower class which produces the Labour for such goods” (wiki.org). Labor and goods are two of the most important things that make the working world work. Marx later writes about his theory on the power of commodities and capital. This is a very important aspect in the growing world. It is used in all growing and successful companies. It is a cycle that keeps going and an equation for success.
The first aspect that will be explored is the power of commodities. According to Dictionary.com, a commodity is “an article of trade or commerce, especially a product as distinguished from a service; something of use, advantage, or value”. In essence, a commodity is an object that has a need, want, or use. For example, Company A is a printing company; therefore, Company A is in need of mass amounts of paper. Company B produces mass amounts of paper for Company A. Paper then becomes the high demanding commodity for Company A. This is just an example that is simplified. Commodities have different values that are based on the social need or wants and the means of production. The interesting part about commodities that there can also be a certain value to an individual person. This is why there is a circulation of money and commodities. A commodity can be sold for a given amount of money and that money can be used...