The Young League Forum

COMMODIFICATION OF LABOUR      Commodification of labour is the transformation of human labour or power into commodity which can be sold and bought. It is one of the characteristics of capitalism.  In a capitalist society, there are two broad classes: class who owns the means of production (bourgeoisie or the haves) and class who does not own the means of production (proletariat or the have-nots).      Hence, for those who do not own the means of production to survive they have to sell their labour power to those who have the means of production. In other words, they have to be employed and work for those who own the means of production as workers so that the owner of industry can exploit their labour power and pay them salaries or wages for their services depending on the monetary value of their labour. Therefore, they have sold or commodified their labour power in exchange for salaries or wages.      As Claude Ake (...

Analysis of Capitalism How can we know a capitalist society? What is the parameter or yardstick for measuring capitalism? What are the nature and characteristics of a capitalist state?      These fundamental questions have remained an intractable debate among scholars and students of political science and other social scientists. This work was done out of the curiosity to fill an existing vacuum and to answer these puzzling questions.      Over the time, some scholars have argued that the parameter for measuring or knowing a capitalist society is by the level of roles played by government and private individuals on the areas of production and distribution. In other words, it means how government or state involves in economic management in the state. If the economic system is managed by private individuals for profit making and other self-aggrandizement, the country in question is a capitalist state. If the government dominates the ec...