Marx’s Labor Theory of Value is basically the idea that with every thesis an anti- thesis is created. Then a synthesis combining elements of both the thesis and anti-thesis. Labor is the fuel of capitalism. Marx compared capitalists to vampires because they suck labor and surplus value from workers like vampires suck blood and life. Marx believed that feudalism was the thesis while capitalism was the anti-thesis and socialism was the synthesis of the two.
Base and superstructure is the basic pattern of capitalism. It has ups and downs and each time the higher points are higher but with the way it is structured the lower points get deeper and deeper every time it almost crashes.
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