Review Of 'Defend Your Economic Philosopher' By Karl Marx

Name: Kelsey Martin

Defend your Economic Philosopher

I Karl Marx, believe that in order to improve the economy of the American people there must a be change in the social structure of the American people. Also Capitalism has much to do with economic growth as well serving an important purpose in the globalized world and it still remains relevant in the twenty-first century.

The history in society reveals that capitalism is not only a economic system it's also heavily related to society as a “special form of labor”. “Capitalist production, therefore,develops technology, and combining together of various processes into a social whole, only by sapping the original source of all wealth--the soil and the labourer. In proportion as the exploitation

Crisis’ that happen in the American economy mainly come from the lack of knowledge the American people have about capitalism. The government including the people are responsible for allowing such crisis’ to happen.

Now that there is a clear understanding of capitalism and how it works I will state ways on how it could be improved to better the American economy. Capitalism is accepted in most of the countries across the globe because it's stable and promotes well being of the people in a country, but it could always be made better a bit if not a lot. Firstly, companies that perform task that cause major effects on the environment should always rehabilitate afterwards. For example companies involving mining,building infrastructure or manufactures steel drill into the earth

Through to get raw materials. Without the rehabilitation a of the land it may become unstable for other economic activities. These actions prevent capitalism from reaching its potential in a country. These companies should be supervised to ensure that are performing rehabilitation after the exploit of an

A cooperative, in its most common form (and the one that I am recommending here) is just like a corporation, except that its workers and/or customers are the owners, and each worker/customer is limited to exactly one "share" of ownership. Typically, the cooperative is also freely open to new members, with a nominal fee to purchase a share. This means that every company decision in a cooperative is inherently democratic, and the perverse incentives present in a traditional corporation that set owners, workers, and consumers at odds with each other are diffused by virtue of these distinct groups of people becoming one and the same; cooperatives have no incentive to lie to their customers on behalf of their shareholders, because their customers are their shareholders. Because of its intrinsically democratic nature, a cooperative is also naturally better at shared resource