"The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. In so far as the labor contract is free what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Albert Einstein, ' (1949), ' New York (May 1949)
https://en.wikiquote.org/wiki/Means_of_production
Revision History
No revisions have been submitted for this quote.
Categories
Means of production
17 quotes on TrueQuotesView all quotes by Means of production →
Related Quotes
"In the anarchist milieu, communism, individualism, , and all the intermediate and eclectic programmes are simply the …"
"One day we will take hold of the means of production and there will be justice on earth."
"The capitalist class is represented by the Republican, Democratic, Populist and Prohibition parties, all of which sta…"
"By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wa…"
"The first act by virtue of which the State really constitutes itself the representative of the whole of society—the t…"
"The class of big capitalists, who, in all civilized countries, are already in almost exclusive possession of all the …"
"The class of the wholly propertyless, who are obliged to sell their labor to the bourgeoisie in order to get, in exch…"
"Labor is a commodity, like any other, and its price is therefore determined by exactly the same laws that apply to ot…"
"In all probability, the proletarian revolution will transform existing society gradually and will be able to abolish …"
"The commodity is first of all, an external object, a thing which through its qualities satisfies human needs of whate…"