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How do you define the term ‘capital’ in the Marxist philosophy?
assistant
Capital is a term used by Marx to refer to the means of production. The means of production are the things that people use to produce things, like factories, machines, tools, raw materials, etc. Marx thought that these things should be owned by society as a whole, rather than being owned by individuals. He thought that the means of production should be owned by society as a whole, and that the owners of the means of production should be paid a wage, which would then be used to buy the means of production.