Too far as it is a value in use, there is nothing mysterious about it.
But as soon as it steps forth as a commodity it is changed into something transcendent.
After reading this article you will learn about Capitalism:- 1. Thirdly, majority people are deprived of the ownership of the forces or means of production.
So the term capitalism is associated with three notions. Second is, the ownership of the means of production is concentrated in the hands of few persons.
In fact capitalism is the by-product of Industrial Revolution and Marx’s philosophy centres around the development of capitalism and its consequence.
The starting point of Marxian philosophy is capitalism.
The purchaser offers an amount to the labourer for the labour power and it is called wage.
There is a gap between what the capitalist receives in the form of revenue from the sale of the commodity produced by worker and what he gives him in the form of wage.
The capitalist or the owner of capital brings them under one umbrella to manufacture something and this is commodity.
In Bottomore’s book capitalism has been defined in the following language.