Marx’s analysis of Capitalism and predictions of where it heads are proven more correct with the passage of time. The reason the Proletarian is exploited to a greater degree than the serf is due to the nature of commodity production. As the M-C-M’ circuit, whereby M is an initial sum of money, C the commodity produced with M, and M’ the greater sum of money after selling said commodity is the basis of Capitalist production, said process is incentivized to be maximized. In Feudalism, rent is extracted and the rest kept for subsistence, in Capitalism wages are set by cost of continued existence and replacement, moving up or down mostly by societal norms.
Marx’s analysis of Capitalism and predictions of where it heads are proven more correct with the passage of time. The reason the Proletarian is exploited to a greater degree than the serf is due to the nature of commodity production. As the M-C-M’ circuit, whereby M is an initial sum of money, C the commodity produced with M, and M’ the greater sum of money after selling said commodity is the basis of Capitalist production, said process is incentivized to be maximized. In Feudalism, rent is extracted and the rest kept for subsistence, in Capitalism wages are set by cost of continued existence and replacement, moving up or down mostly by societal norms.
I highly recommend those interested to check out my Introductory Reading List on Marxism.