Write 5 pages with APA style on Marx and Smith’s Views on Capitalism. Capitalism as viewed by a smith using Locke’s theory to have benefited society through the field of commerce, making the society more organized and well balanced the self-interest of individuals makes them work for the chances available. His reasoning in line with locks theory is that in case there was equality in distribution of the collective wealth to the laboring society then, the effect would not still be effective enough to provide material comfort. He, therefore, views capitalism to be better for the laboring society in general by rewarding the efforts of productive labor. This is done as per the productivity of the laborer hence encourages more productivity.
Reasons for investing in productive labor under capitalism
Productive labor is referred to be the labor, which adds value to the subject of the undertaking. It is advisable to employ those who add value more than those who add no value to the subject in order to be rich. Everyone is maintained by the labor of the society. thus, productive labor gives a bigger hand in these efforts. The produce of the land and the efforts of the productive labor directly or indirectly cater to the people’s maintenance thus becomes the basis of capitalism, since, through this way, the capital is replaced.
What capitalists should do to increase the productiveness of labor?
The capitalist should ensure the division of labor among the community members and increase employment of productive labor this will ensure a general effect of understanding the general business of the society better. The division of labor eliminates the effect of using a small number of employees by a manufacturing firm to undertake different duties in different places. Rather, more employees are employed in different sectors thus effective overall performance. The various laborers should be assigned to perform duties that they are used to and have skills in instead of letting them become players in all fields.
Division of labor and its effectiveness
Division of labor improves the productive power of labor. It improves judgment and skill application hence an overall effect of better performance. Work that could be carried centrally or by a single operator is divided into several others hence becomes a process.
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