What is the nature of capitalism?

The essence of capitalism can be divided into three types:

1. Analyze the essence of capitalism from the perspective of production relations. It is believed that the essence of capitalism is exploitation and the surplus value of workers by capitalists. of plunder. The representative figure is Marx, who grasped the key of surplus value to explain how the financial expansion of profits and capital became a real possibility. Wage labor then became the essence of capitalism as a social relationship as understood by Marx.

2. Starting from the spirit of capitalism, we believe that capitalism is only a rational and systematic pursuit of profits. Representative figures such as Weber abroad and Huang Renyu domestically.

3. The financial economy that believes that the essence of capitalism is the transformation of the natural economy is represented by Douglas North.

Extended information?

Capitalism developed from feudal society. In feudal society, landlords rented land to farmers for sowing. During the lease period, farmers controlled the land, but they had to pay land rent and other taxes to the landlord regularly. Capitalism changed to agricultural workers going to work on the farms of agricultural capitalists and then taking money and leaving without controlling the land. In capitalism, the relationship between capitalists and workers is an employment relationship.

Marx pointed out in "Das Kapital" that the fundamental purpose and motivation of capitalist production is to pursue the unlimited proliferation of capital value and to pursue the maximization of profits by extracting surplus value. This is what determines the essence of capitalist production. The capitalist is respected only as the personification of capital, and as such a person who, like the hoarder of money, has an absolute desire to get rich.

However, for money hoarders, it only manifests as personal fanaticism, but for capitalists, it manifests as the role of social institutions, and capitalists are just a driving wheel of this social institution. This shows that capitalists are just the personification of capital, and capital will never do anything to pursue profits.

Baidu Encyclopedia-Capitalism

People's Daily Online-A profound understanding of the nature of contemporary capitalism