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Opposing Views On Karl Marx's View On Capitalism

685 Words3 Pages

Brian Avila
Professor Wesley Johnson
English Comp 1
October 18, 2016
Karl Marx For the most part, people approve on the note that we need to progress our economic system one way or another as it distracts us with unrelated advertising, like the homeless without food, healthcare, etc. The preparations Marx had planned for the problems of the world now seem a bit senseless; he supposed that we should not only eliminate secluded property, but we should not be permitted to own anything at all. It’s like wanting to prohibit viewing social media; it’s progressing the want to spark a battle with our behavior and would lead to bigger difficulties. Nonetheless, we should not discard Marx’s views too swiftly; we should see him as a navigator whose …show more content…

This is partially because capitalists pursue bigger risks to receive even more profits, and this messes with employment. However, Capitalism isn’t unstable because of competition in Marx’s view. It is a fundamentally unstable force, that constantly overrides itself. Our workshops and organizations are so effective that we can hand everyone the necessities to live at ease, while having few of us work. Marx relates this result as a form of enjoyment of pain, however it is a sign of progress; it is the product of our incredible industrious powers to have the work of a hundred individuals, be completed by one contraption. However, what we don’t notice is the optimistic conclusion, which is that we continue to see being without a job as a curse to civilization. The goal of economics should be for an abundance of unemployment and to see this as development rather than a …show more content…

Marx also supposed that capitalists reduce the salaries of the laborers to obtain a higher profit margin. It was very problematic for the employees to give a complaint or change their situations, as they do not have the capabilities of supporting themselves and were in desperate need of employment. An example of this would be their employers conspiring to preserve them, by increasing the amount an employee would have to pay to live normally, and bill of wages would also increase. In present society, employers also bring the same challenges to keep the public weak, as working standards are not up to level due to diseases and injuries in factories without proper care or

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Marx’s theory of social inequality is heavily based on the idea that power is derived from the ownership of the means of production (Marger 30). Consequently, Marx believed that poverty is the product of the efforts of the powerful ruling class to protect their own interests. Since large corporations are part of the ruling class, they control the major economic activity in communities and therefore have the power to determine the fate of their workers. As a result, the ruling class (the bourgeoisie) will often exploit the working class (the proletariat) or move to a different location that is more economically beneficial to them, in order to stay in line with the capitalist principle of maximizing profit (Marger 169). In this case, people in poverty are poor because the ruling class exploits the working class, making the latter group powerless and trapped in

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In the beginning of the 19th century, the Industrial Revolution caused a massive economic spike from small-scale production to large factories and mass production. Capitalism became the prevalent mode of the economy, which put all means of production in the hands of the bourgeoisie, or the upper class. Karl Marx and Frederick Engels argue that capitalism centralizes all the wealth and power in the bourgeoisie, despite the proletariat, or the working class, being the overwhelming majority of the population. The manufacturers would exploit the common proletariat and force them to would work in abysmal conditions and receive low wages, furthering the working class poverty. “The Communist Manifesto” predicts that as a result of the mistreatment

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Marx saw the early technological rise as a possible collapse of capitalism, as well as the balance of power unfairly weighed against the working class. However, Marx is quick to point out that without the working class a capitalist society would inevitably collapse, bringing about economic and social change; suggesting communal ownership as a more equitable outcome. Marx believed that in time with the possible dissolve of capitalism, economics would evolve around communal ownership (Hall, Lieberman, 2007 p44). This is seen in modern society, through the application of technological advances for employment, education, and entertainment purposes, which may in the future disband the need for a human workforce. However, it is the same workforce that provides the capitalist with the purchase… it is therefore necessary for the workforce to maintain a level of humanisation seen through Freire’s methods of Dialogical conscientisation’ which are enhanced by Buber’s dialogical

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Karl Marx has written on this issue,and has analyzed what causes these problems. Firstly, Karl Marx introduces the idea of a “wage slave” a person who primarily makes income from the work they do for others. The increase in factories also came with an increase in these “wage slaves”. The problem arose then, when it came to the corporations. In order to maximize profits the factory workers were paid minimally.

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Industrialization also enhanced the capitalism which is focused on the issue of more profit and conflict between capital and workers. While owner of productions take more profit with less labor, workers take less profit even with much more labor force. Karl Marx is one of the thinkers who criticizes this situation of capitalism in terms of workers and capitals in industry, especially he focuses on the situation of

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Andre Abi Haidar PSPA 210 INTRODUCTION It is always difficult to write about and discuss Karl Marx, or more importantly the applications of Marx’s theories, due to the fact that he inspired and gave rise to many movements and revolutionaries, not all of which follow his theories to the point. Although Marx tends to be equated with Communism, it might not seem righteous to blame him for whatever shortcomings occurred when his theories were put to the test; Marx passed away well before the revolution in Russia, and he played no role in the emergence of the totalitarian regime at the time. When discussing Marx, however, Vladimir Lenin is one of the biggest highlights when it comes to studying the outcomes of Marx’s theories.

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When labor cuts occurred, Marx noticed, conditions became worse and wages decrease, too. Thus, it was apparent that while the profits for the owners grew, the well-being of the workers declined rapidly, further dividing the two

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When wages are as low as $7.25, the work of a laborer become a means of survival; people “[produce] only under the dominion of immediate physical need” and take on the nature of animals instead of humans (Marx, Engels

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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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This appears to have escaped even Bourdieu, who, albeit thoughtful to Marx in a few ways, regularly censured Marxism for its assumed financial aspects. Bourdieu even asserted that Marxism was the most economistic convention that we know. However, it was definitely Marx's venture to reprimand the self-confirmation of political economy's fetishized classes and to exhibit how a world's history was actually embroiled in them. In what tails, I outline the essential highlights of Marx's hypothesis of capital with a specific end goal to exhibit to what degree the charge of financial aspects is unjustifiable. For Marx, capital is most importantly not a thing.

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He sees power as a corrupting force and further sees capitalism as the root cause of the corruption. The economic system can never produce a fair power dynamic, as it relies on private property and when the means of production is wielded by the few, members of society can be sorted into two groups, the employer, and the labourer. Marx used the phrases capitalist mode of production to refer to the systems of organizing production and distribution within societies. He highlights wage-labour and private ownership as two means of

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Marx believed this divide would happen because the workers are dependent on their wages as a means of survival where as one of the employer’s objectives is to lower wages in order to reduce costs. This clash of interests would inevitably bring on a resistance from the proletariats. “Let the ruling classes tremble at a Communist revolution. The proletarians have nothing to lose but their chains. They have a world to win” (Marx and Engels 1848) chpt, 4.

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Writings of Karl Marx had formed the theoretical basis for communism and the continual debate against capitalism. Marx understood capitalism to be a system in which the means of production are privately owned and profit is generated by the sale of the proletariat’s labour. He considered it to be an unfair exploitation of hard work with alienated social interactions and purpose. I agree with Marx that capitalism is indeed unfair and alienating, because it concentrates wealth within a small group of people by exploiting the surplus value of workers’ labour, and creates an alienated workforce. Hence, this essay will first discuss the relevance of Marx’s perception of capitalism as an alienating and unfair system for the contemporary world, before examining the potential of governments to influence the extent of alienation and unfairness that occurs.

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Karl Marx (1818-1883) considered himself not to be a sociologist but a political activist. However, many would disagree and in the view of Hughes (1986), he was ‘both – and a philosopher, historian, economist, and a political scientist as well.’ Much of the work of Marx was political and economic but his main focus was on class conflict and how this led to the rise of capitalism. While nowadays, when people hear the word “communism”, they think of the dictatorial rule of Stalin and the horrific stories of life in a communist state such as the Soviet Union, it is important not to accuse Marx of the deeds carried out in his name.

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