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Capitalism: The Communist Manifesto By Karl Marx

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Karl Marx
Karl Marx (1818-1883), a German economist, philosopher and the writer of “The Communist Manifesto”, which is one of his greatest contributions. Karl Marx has a pessimistic perspective on capitalism, as he believes capitalism leads to the constant struggle between classes. He also believes that Capitalism is just a phase and it will soon be replaced with communism. According to Marx, the society is divided into two classes. First, the bourgeoisie that are a small number of wealthy capitalists. Second, proletariat or the lower class, which consists of a mass of, underpaid workers. And that as long as these two dominating classes exist, there will be conflict and inequality in society. He says that although the bourgeoisie are the capitalists …show more content…

Yet, some events have weakened his theories. For instance, there was a gradual increase in workers income. This undercuts the theory that profits results from exploiting labor since the rise of income means that workers are getting a higher percent of profits.
Marx’s class theory and his work are considered to be one of most fundamental and important contributions to economy and …show more content…

First, traditional, is what was used in older societies; kings relied on divinity to justify their power. Second, charismatic authority. Which is when a heroic figure could have an influence on society through passion. Third, Bureaucratic authority, power is derived from knowledge. Bureaucracy depends on rationality, instead of the illusion of miracles. The main features that are present in bureaucracy are a fixed set of rules and laws, hierarchy and a highly specialized division of workforce. In other words, order. In this way, society can maximize their efficiency and utilize its labor correctly instead of exploiting them. Also, the detachment of personal relationships ensures that every individual in society is treated equally and eventually this will abolish favoritism. This is the stage which we are witnessing today, it is where ideas are far much important that tools and

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The dominant classes in society accumulate wealth off of expropriating the labor of society. One German economist Karl Marx has said, “The ideas of the ruling class are, the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class, which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas.” Karl Marx shows that when you are considered a higher class, which means you produce the resources need by society, you control what happens to society.

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According to Marx society was divided into two classes that were in eternal conflict in the battle for resources, or as Marx coined; “the means of production”. The first class were the bourgeoisie, which Marx described as the sole owners of the means of production as well as the media. The bourgeoisie used their power and influence to exploit the second class, which Marx called the proletariat which consisted of all the workers of the world. Marx rejected the idea that the wealthy pulled themselves from their own bootstraps, which he called “false consciousness” and in return coined the term “class consciousness”, which referred to a persons awareness of their own social status, especially in terms of class conflict. Overall, Marx concluded that social order is created maintained by domination and power.

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Karl Marx who was an economist, during 19th century established an idea between wealthy and rich. According to “Three Great Economists”, Karl Marx believes that “the class struggle itself, expressed as the contest over wages and profits, would be the main force for changing capitalism and eventually undoing it” (33). Here Marx shows that there will always be difference between classes in capitalism and the only technique can be use to change this concept is to ruin a capitalism. This shows that income inequality is something we cannot fight with in capitalism, because no matter what we do we always will have this problem. People will always want more, and some will achieve it and other won’t.

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It is argued that social inequality occurs because of the conflict between the upper-class and the working-class, or as Marx defines it, the Bourgeoisie and the Proletariat. Based on the Manifesto of the Communist Party (Marx and Engels, 1848), the divergence emerges because the aim of the Bourgeoisie is to obtain a surplus-value that is produced by the work of the Proletariat. On the other side, the Bourgeoisie provides the Proletariat with the minimum required, such as a place to live and a minimum wage, in order to keep the society under control and avoid a rebellion. However, Marx did predict a revolt of the working-class that would eventually lead to a communist regime. When it comes to applying this theoretical approach to reality, it is evident to notice that no global revolt in regards to capitalism has occurred.

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We can broadly classify people into four major classes: Warrior class, intellectual class, Acquisitor class and Labor class. As name suggests, Warrior class perform their duty to protect the state with their physical capabilities, intellectual class supply philosophy and religion, Acquisitor class helps in managing the economy, and there is Labor class, who do unskilled jobs. These unskilled labors inherit physical labor from their ancestors just like other three classes acquire their skills from their predecessor. Unlike, philosophers like Aristotle who believed slavery to be enshrined in the nature and ruler-ruled concepts, Karl Marx along with Fredrick Engels, propounded the concept of Communism and wrote Communist Manifesto. Karl Marx was not

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I believe Joseph Schumpeter’s creative destruction gives us the best idea about how capitalism, the state and the future will evolve. However, I will go in chronological order explaining all their ideologies to orient the reader about their ideas and simultaneously explain my opinion as we better understand each intellectual; then I will provide some final thoughts. Karl Marx wrote “Das Kaptial” nearly 30 years after he wrote the Communist Manifesto. He strongly advocated the labour theory of value and that capitalism exploits the labour in many of which ignoring the labour theory of value is one. Marx believed that capitalism wouldn’t work because people wouldn’t accept their poor working conditions, wages would fall so low that wouldn’t

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He argues that with all the pressures of class conflict and the imbalance of capitalism there is no way that this pattern can continue without a major revolution. Marx compares capitalism to anarchy, in the sense that there is no organization within which only causes chaos. The common pattern of capitalism is a boom followed by a bust, and that bust leads to recession and social unrest. This sort of fickle economy, Marx believes, will furthermore contribute to the downfall of capitalism. This socialist revolution would, “abolish private ownership of key elements of economy and change nature of relationships from ones based on marriage and property.”

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Marxism studied what effect capitalism has on productivity, labor, and economic development. He believed that taking the control of the economy away from the people, and giving it to the government would be the best way to stimulate economic growth. He felt that the gap between the capitalists and working class is too large, and the capitalists are taking advantage of the working class. He sympathized with their struggles, and desired to provide these workers with a voice against the upper-class capitalists who were repressing them. His pieces were written from the view of a worker, and this made the working class feel heard despite the fact that, rather ironically, Karl Marx remained unemployed for a good majority of his life.

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The proletariats are the wage earners or the labour class, in a capitalist society the proletarians don’t have much wealth, and their main asset is their labour power. The bourgeoisie is the class that owns the means of production, their class interest lies in the value of property and the preservation of capital, and this ensures their perpetual economic supremacy in society. According to Marx, in the capitalist mode of production, a worker slowly loses the power to decide upon his or her life and destiny, they lose their Gattungswesen (“species-essence”), and this is a consequence of living in a socially stratified society, where human beings become a mechanistic part of a social class. Even though human beings are self-conscious and autonomous, in a capitalist society they are nothing but an economic entity whose acts are dictated by the bourgeoisie, with the aim

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