Karl Marx And Emile Durkheim's Theory Of Capitalism

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Capitalism is understood to be the “economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.” In modern society, capitalism has become the dominant economic system and has become so integrated that it has resulted in a change in the relationships individuals have with other members of society and the materials within society. As a society, we have become alienated from other members of society and the materials that have become necessary to regulate ourselves within it, often materials that we ourselves, play a role in producing. Capitalism has resulted in a re-organization of societies, a more specialized and highly segmented division of labour one which maintains the status quo in society by alienating the individual. Karl Marx and Emile Durkheim theorize on how power is embodied within society and how it affects the individuals of society. In their theories both highlight the division of labour and alienation as methods and results of maintaining control within a capitalist society. Durkheim coined the term social facts to describe the external and internal forces that habilitate individuals within a society. “….” . Social facts include values, cultural norms, and social structures comprise those sources that…show more content…
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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