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Essay / The Trinity Formula and the Interaction of Values
Karl Marx presents the Trinity Formula to us towards the end of the work. One interpretation of the trinitarian formula is that it is a description of how capital (the collective value of the means of production), land (arable land is an example) and labor (l productive activity of human beings) interact with each other. It reduces these three concepts to values and then shows what happens when you change them. Capital is not a thing, but rather a determined social relation of production, belonging to a specific historical formation of society, which manifests itself in a thing and gives it a specific social character. Capital pumps surplus labor, which is represented by surplus value and surplus product, directly out of workers. In this sense, it can be considered as a producer of surplus value. Marx says that land ownership has nothing to do with the production process itself. It reads: “a certain amount of labor produces a certain product — in accordance with the natural fertility of the soil.” In other words, fertility affects neither labor nor capital. If the soil is more fertile than average, it means that more product is produced for the same value. Marx says that labor is "a mere phantom — 'the' labor, which is only an abstraction and, taken in itself, does not exist at all." Work becomes a real thing when someone does it and becomes a worker. Marx argues that the worker does not personally receive all the fruits of his labor under capitalism. In the trinitarian formula, capital appears to the capitalist, land to the owner and labor power, or labor, to the worker, as three different sources of their specific incomes, namely profit, land rent and wages. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayKarl Marx recognizes that the profit that owners make is necessary in a dynamic economy, but wants it to accrue to society rather than to the owner. Marx writes extensively about the exploitation of labor and the worker's right to the profits the owner makes from that labor. Marx believes that the surplus value or profits generated should not all be inherited by the owner or capitalist, but rather should be distributed among the workers who work to produce this surplus. Marx says that capital pumps surplus labor, which is represented by surplus value and surplus product, directly out of workers. In this sense, it can be considered as a producer of surplus value. Just as the exploitative capitalist pumps surplus labor, and therefore surplus value and surplus product in the form of profit, out of the worker, so the landowner in turn pumps part of this surplus value, or surplus product, out of the worker . the capitalist in the form of rent. For owners, only their property constitutes their means of access to the wealth produced by workers under capitalist management. This implies that capital and land ownership are valuable in this society as equitable factors of production whose exploitation is believed to have produced a portion of property. valuable products, but which are in reality only distributed in the capitalist product. Although the idea of distributing profit among workers seems like a good idea, it also has drawbacks. Marx denies the right to private property. Instead, he says there should only be public or communal ownership of the property. Capitalism, he asserts, with its belief in private property and profits, rents and interest.