Essays on Capitalist Exploitation

In the mid-nineteenth century classical school of political economy was in crisis, as its theory was based on the interpretation of cost values and could explain some of the pressing problems of the economy. The weakest point of the classical school was that it was poorly focused on the subject-user, for which production takes place. The opinion of the classical school was confined to the manufacturer. An exit of the crisis was found by the marginalists. This direction of economic thought emerged in the last third of the XIX century in the center of this system is subject to ...

Economic transformation in Africa is tied to the colonial legacy. The spectre of colonialism haunts growth and development efforts. The African economy as it is known today has its roots in the colonial exploitation and appropriation of resources. Colonialism introduced capitalism with its idea of the free market but this free market benefited the colonizing nations, leaving unprecedented levels of poverty throughout the continent. Understanding the history of colonial primitive accumulation is critical to understanding the economic realities of present day Africa, in particular, the continent’s insistence on trading with countries like China. This paper seeks to explore ...

- Is it exploitation for a company to profit from selling soaps, shampoo, personal computers, and ice cream, etc., to people with little disposable income? It is not supposed to be considered as exploitation for a company to profit from selling such commodities as shampoo, ice cream, soaps and personal computers to the poor people, especially when the company takes some appropriate steps. These commodities need to be affordable to the people with little income and be obtained by this group of people in a most convenient way possible. Suitable illustrations of these can be seen in the case presented. For ...