He claimed that the capitalist mode of production diminishes the value of work as just a means of earning wages. He believed that working is the means of finding joy in life by contributing to society. However, in capitalism, work is only a means of fulfilling the needs of your employer. Thus it creates a sense of alienation between the work that you do as an individual and the contribution that your work is making to society. This ultimately leads to dissatisfaction of the workers.
He believed in capitalism, workers are expendable. Because, people working in factories now become a commodity to fulfil the needs of production. And if that need can be fulfilled by any other means, such as machines or if some of the workers need to be let go to cut the costs of production, then the capitalists would do so.
There is an unequal distribution of wealth in capitalism. He believed that capitalists reduce the wages of the workers as much as possible in order to maximise profit. He thus claimed that profit was just a fancy word for exploitation. At its core, capitalism is just a way for capitalists to pay workers low wages to produce goods and then sell the goods at a high price.
Capitalism has a problem of excess. Capitalism is very efficient at mass production. Thus the problem is now not a shortage of goods but an abundance. And since production was so efficient, not everyone is required to be a part of the production process. The problem however is that those who are not a part of the production, or in other words are unemployed, do not have any capital for a daily livelihood.
Another issue of capitalism is that it is always the working class that suffers during a time of crisis. Everytime the economy goes down, it leads to massive unemployment. Thus the working class no longer has any way to earn capital. Whereas the bourgeoisie class are able to survive because they have an abundance of it.
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