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Project 3 Marxism

1082 Words5 Pages

TO: Ceceil Mackey, Professor
FROM: Yixi Ren
DATE: Oct. 19, 2014
SUBJECT: Project 3, Marxism
Summarize
Marxism was a type of worldview that covered the political, economical, and social aspects of the society established by Karl Marx and Frederick Engels in the 19th century. Marx was largely influenced by German idealist philosophy, French socialism, and English and Scottish political economy (Marxist Org). The structure of the theory was established with the publication of The Communist Manifesto in 1848 and Marxism was the system of political, economical and social theory that focuses on human life, historical development, the capitalist crisis, and the communist revolution and was later elaborated by their disciples all over the world (Badie). …show more content…

In contrast, majority of the population is dependent on income in the form of salary or wage and thus resulting in increasing discrepancies in incomes. As a result, Marxism foresaw the needs of the emergencies of a communist society based on the common ownership of the means of production. Each individual would receive the same amount of monetary benefits as well as have the same access to the levels of consumption. Marxism believed that the equal access to the output of the means of production would free individuals from dependent relationships (dependent on their employers). The ultimate stage of communism means that there would be no government, no social hierarchies, and no private ownerships within a society (How stuff works). It is an idealized concept that illustrates the picture of everyone is equal. However, in order to achieve the ultimate stage, it requires everyone in the society to have a very high level of understanding of collectivism as well as the social production of the society to become very sufficient and extremely developed. In my opinion, this stage could not be achieved and it was just an ideological society that Marxism hoped to achieve. Although there are huge income discrepancies in capitalist countries such as US, where 1% of the population controls one third of the total wealth, it could not blamed towards the private ownerships. Income inequalities exist in communist countries such as North Korea, Cuba as well and the inequality problem seems to be worse in those countries. China is a special case with regards to communism. After the death of Mao Zedong, China is correcting some aspects of communism especially in the economic sectors. Private

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