By Shrii P. R. Sarkar
With the changes of the social cycle, the human society has developed several social institutions to carry out its duties and responsibilities. The state is one such vital institution, which organizes a group of people in a certain area of land, rules them, promotes their welfare and oversees their good. This institution is powerful because it also enjoys sovereign power.
By, Shrii Prabhat Ranjan Sarkar
According to Karl Marx, the creation of surplus value is the source of economic exploitation. Capitalists convert the surplus value into money value and that is how they accumulate profit. After a thorough analysis of the capitalist conomy, Marx reasoned that all profit is exploitation because profit means the denial of the legitimate right of the working class to the wealth they produce.
Consequently, profit is nothing but the exploitation of labour. Marx concluded that the creation of surplus value will stop only when economic exploitation ends. However, all communist states including the USSR, China, Vietnam, etc. have rejected Marx's theory of exploitation.
