CCEA A-Level Government and Politics 4830
The Northern Ireland Assembly
The Northern Ireland Executive Committee
The Northern Ireland Political Parties
The UK Parliament
The UK Executive
Option: The British JudiciaryJudiciary
Option: Pressure Groups in the UKPressure groups
USA Option: The Legislative BranchUSA
USA Option: The Executive BranchUSA
USA Option: Comparative Government and PoliticsUSA
Ireland Option: The Legislative BranchIreland
Ireland Option: The Executive BranchIreland
Ireland Option: Comparative Government and PoliticsIreland
Political Power: The Exercise of Political PowerPolitical Power
Political Power: Theories of Political PowerPolitical Power
Political Ideas: Mill, on LibertyPolitical Ideas
Political Ideas: Burke, Reflections on the Revolution in FrancePolitical Ideas
Political Ideas: Marx and Engels, the Communist ManifestoPolitical Ideas
Political Ideas: LiberalismPolitical Ideas
Political Ideas: ConservatismPolitical Ideas
Political Ideas: SocialismPolitical Ideas
Political Ideas: Socialism
The socialist critique of capitalism
- 3 things to know
- A2 Unit 2
Overview
Capitalism as socialists describe it, socialist criticism of the wage contract as a free agreement and reserve army of labour.
What you need to know
Answer each one before you reveal it.
What is the socialist criticism of the concentration of economic power?
Why do socialists regard capitalism as exploitative?
Questions from this subtopic
Each one with the model answer underneath.
- 1
What is capitalism as socialists describe it?
Model answer
Socialists describe capitalism as an economic system in which the means of production are privately owned, goods are produced for sale at a profit, and most people live by selling their labour power to those who own the productive property.
- 2
Why do socialists regard capitalism as exploitative?
Model answer
Socialists argue that workers produce more value than they receive in wages and that the difference is taken by the owner, so profit originates in unpaid labour rather than in the owner's own effort.
- 3
What did Karl Marx mean by surplus value?
Model answer
Surplus value is the difference between the value a worker's labour creates and the value of the wages paid for it. Marx argued that this difference is the source of profit and therefore that exploitation is built into the wage relationship itself.
- 4
What is meant by alienation?
Model answer
Alienation is Marx's term for the condition of workers under capitalism who are separated from the product of their labour, from the act of working, from their own human capacities and from each other, so that work becomes a means of survival rather than self-expression.
- 5
What is the socialist criticism of the wage contract as a free agreement?
Model answer
Socialists argue that a worker who owns no productive property must accept employment on whatever terms are available or go without, so the formal freedom of the contract conceals a substantial inequality of bargaining power.
- 6
Why do socialists argue that capitalism produces inequality?
Model answer
Socialists argue that profit accumulates in the hands of owners while wages are held down by competition for work, that wealth is inherited across generations, and that those with capital can use it to acquire more, so inequality widens without deliberate correction.
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