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Know your own history. From 1900 to 1930 around 3 million Southern Americans were affected by Pellagra of which over 100,000 would die. Pellagra a disease called by malnutrition was brought on by the invention of a new process that would degerm corn faster but in the process would also remove most of its nutritional value. Since cornmeal was a staple part of the diet for most poor Americans at that time, especially in the South. It meant that most poor Southerns were critically malnourished and thus the onset of Pellagra would occur. So yes Capitalism has resulted in starvation, not just overseas but here in this country.
Virtually all the people back then were malnourished. The average life expectancy was less than 40.
13 pages later, not one single example how people are being exploited by capitalism.
Every example brought forward involved authoritarism or slavery messing with capitalism.
Please explain how free trade and private ownership of properties exploit people.
This is how capitalism exploits people: As detailed by Marx
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In reality, Marx thought, workers’ labor under capitalism is neither truly voluntary nor entirely for the benefit of the workers themselves. It is not truly voluntary because workers are forced by their lack of ownership of the means of production to sell their labor power to capitalists or else starve. And workers are not laboring entirely for their own benefit because capitalists use their privileged position to exploit workers, appropriating for themselves some of the value created by workers’ labor.
To understand Marx’s charge of exploitation, it is first necessary to understand Marx’s analysis of market prices, which he largely inherited from earlier classical economists such as Adam Smith and David Ricardo. Under capitalism, Marx argued, workers’ labor power is treated as a commodity. And because Marx subscribed to a labor theory of value, this means that just like any other commodity such as butter or corn, the price (or wage) of labor power is determined by its cost of production—specifically, by the quantity of socially necessary labor required to produce it. The cost of producing labor power is the value or labor-cost required for the conservation and reproduction of a worker’s labor power. In other words, Marx thought that workers under capitalism will therefore be paid just enough to cover the bare necessities of living. They will be paid subsistence wages.
But while labor power is just like any other commodity in terms of how its price is determined, it is unique in one very importance respect. Labor, and labor alone, according to Marx, has the capacity to produce value beyond that which is necessary for its own reproduction. In other words, the value that goes into the commodities that sustain a worker for a twelve-hour work day is less than the value of the commodities that worker can produce during those twelve hours. This difference between the value a worker produces in a given period of time and the value of the consumption goods necessary to sustain the worker for that period is what Marx called surplus value.
Capitalist exploitation thus consists in the forced appropriation by capitalists of the surplus value produced by workers. Workers under capitalism are compelled by their lack of ownership of the means of production to sell their labor power to capitalists for less than the full value of the goods they produce. Capitalists, in turn, need not produce anything themselves but are able to live instead off the productive energies of workers. And the surplus value that capitalists are thereby able to appropriate from workers becomes the source of capitalist profit, thereby “strengthening that very power whose slave it is
Virtually all the people back then were malnourished. The average life expectancy was less than 40.
Well they were developing the disease Pellagra, a nutritional deficiency disease due to the lack of vitamin B in the diet. The reason why it occurred rather suddenly around 1900 is due to the cheaper and faster method that had been developed to degerminate corn. In the process of doing so it stripped the corn of vitamin B. Corn being the central source of nutrients for poor Americans, this misstep would essentially lead to the deaths of several hundred thousand people via malnourishment.
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Originally Posted by lifeexplorer
When did South Americans have capitalism?
Not South Americans but Southern Americans, from the states of Georgia, Alabama, Mississippi, etc
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