In your own words, explain Marx’s theory of how exploitation works under capitalism. To answer this question, you will need to explain the differences between use-value, exchange-value, and surplus-value, what produces value according to Marx, and how capitalism reproduces exploitation and inequality. Next, describe the conditions of labor in which Chinese workers are producing the Mardi Gras beads, as well as the roles in and justifications for this labor given by the Chinese factory owner, Roger Wong, and the American distributor, Dom Carlone. How would Marx’s theory of labor, value, and exploitation under capitalism account for the production of the Mardi Gras beads?

Sample Solution