Marxism Exploits The Poor Working Class

INTRODUCTION

Marxism is 19th century school if thought estabilished by German philosophers Karl Marx and Friedrich Engels. Marxism is known as a conflict theory because it states that the society is in a state of conflict with each other and this conflict is between the rich and the poor. Marxism is a political and economic philosophy explaining the view of the way things are now, and suggestions to where the society is headed. Marxism presents materialist interpretation of human history. It exposes how the ruling class exploits the poor working class and uses its wealth to hold and maintain its power. It believes in social equality. It believes that the ruling class is, in no way, superior to the working class. Karl Marx believes that the

Mercantilism focused around profit-making, concentrating on lowering costs and increasing price as much as possible. A zero-sum game in which one person gained over the other and there was always a party that suffered a loss. Examples such as the navigation act show us that mercantilism favored government intervention where it deemed it necessary. The act implemented policies that isolated Britain’s colonies and America from conducting trade with any other states. Britain concentrated solely on the benefits gained by the state and not the harm done to colonies or the other countries through monopolizing trade. Marxism on the other hand, regards profit making, or surplus value gained, as a problem in society. The theory at large talks of overcoming class divide and achieving equality through revolution. Taking on a much more social approach, Marxism was against modern money-making markets, i.e. the capitalists. He believed that this exploitation was against humanity and that no one party should gain at the expense of the other. He supported the idea of a more social state, where wealth was distributed more evenly, "to each according to his need, from each according to his ability." It can be said that mercantilism and Marxism had completely opposing areas of interest, and these lead to different economic values. As it turns out, modern economists do not highly regard Marx’s economic theories. This isn’t surprising since in today’s world,

It was a fascinating attempt to inculcate an economic framework that could be used to run a healthy society. However, this theory presumed ideal situations in some of its parts, and that it didn’t include the aspects of human alienation and human exploitation that were the results of unequal division of wealth. Even Marx himself pointed out numerous defects that prevailed in Classical Economics. Marx argued that the Classical economics undervalues the economic purpose of the working class. Classical economics keeping a blind-eye towards the dynamic human nature, proposes theories which are idealistic and ignore the exploitation of proletariat class and the empowerment of the bourgeois class. Marx also flashed a light on how Classical economic theories promoted the bourgeoisies to exploit the Proletariats in order to squeeze out maximum labor and derive gigantic profits with the production. “It could be argued that the evident exploitation alienates the laborer from not only the act of production but similarly distances them from the products of their labor and as a consequence it has been argued that the alienation present becomes a process in which humanity progressively transforms into a stranger in a world created by labor.” (Essays, 2015) Although the “Division of Labor” theory was anyhow feasible for the economy as it allowed the economy to produce greater and better levels of