Karl Marx And Capitalism Essay

Nearly a hundred and thirty years after his death, Karl Marx continues to exert enormous intellectual and practical influence across the world. Both a scholar and a political activist, Marx addressed a wide range of political as well as social issues, and is known for, among other things, his analysis of history. The interpretations of his theories, particularly those on political economy, have in the course of history generated decades of debate, inspired revolutions and cast him as both devil and deity in political and academic circles. Maligned by some, misunderstood by others and celebrated as one of the world's great thinkers by many more, Marx continues to be a divisive and much discussed individual.

The picture described seems to be wonderful as it meets the communism society that Karl Marx wants: “No private property or inherited wealth. Steeply graduated income tax. Centralized control of the banking, communication and transport industries. Free public education.” (1) This is completely different from the world that Karl Marx is most familiar with—the 19th century Europe, which was fulfilled with huge increases in industrial production and profits, stagnation of wages for workers, formation of a vast impoverished working class. Nevertheless, in my opinion, the given society is indeed not communism, hence Karl Marx would not get satisfied with it.

The Industrial Revolution cast its shadow upon European cities and towns. Some enjoyed this shade while others suffered tremendously because of it. Those who enjoyed the luxuries and wealth that the Industrial Revolution provided, the bourgeoisie, depended on the needs of the poor, the proletarians, to increase the size of their monstrous factories and ultimately their wealth and influence. In “The Communist Manifesto” Karl Marx discusses the effects of the Industrial Revolution in further dividing society by creating new social and economic hierarchies. In addition to his observation of the division of labor, Karl Marx believed, that due to the technological shift from craftsmanship to machinery this also caused division of labor and the appreciation of proletarian handmade goods was disregarded. Through “The Communist Manifesto” one is able to imagine a conversation between Karl Marx and Adam Smith. One where Karl Marx replies to Adam Smith’s theories on the manufacturing process, wages, and the division of labor with the reality of the proletarians, that Adam Smith disregarded. In this essay, I will argue for the shadow of change that machinery has cast upon laborers and the socioeconomic changes that were triggered as a result of the Industrial Revolution and the shift to machinery in factories .

Social inequalities can be described as the differences in “income, resources, power and status” (Naidoo and Wills 2008, in Warwick-Booth 2013, 2) that advantage a social class, a group or an individual over another, and thereby establish social hierarchies. It also affects inequalities in regards to gender, race, access to health and education, and general living conditions. In sociology, the dichotomy between the conflict theory approach and the functionalist approach has led to a discordant opinion in regards to social inequalities. The conflict theory seems to admit that social inequalities needs to disappear in order to install a common and equal base for all individuals, whereas the functionalist approach believes that social inequalities

Marx, in this work, points out the buyers are naive to where the products come from. We glance past the fact that these laborers are exploited for our gain. In The Alienation of Labor Marx discusses a political economy. Political economy is, “what we would call macroeconomics, that is the economics of large systems” (pg. 250). Marx argues that there is a connection between many aspects of economics.

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.”

The capitalist society is defined as “a historically specific way of organizing commodity production; produces profit for the owners of the means of production; based on structured on structured inequality between capitalists and wage labors whose exploited labor produces capitalist profit”(Dillon 72). Karl Marx offers several critiques of capitalism. He especially critiques job competition and how this can lead to the exploitation of wage workers. As California Warehouses Grow, Labor Issues are a Concern by Jennifer Medina highlights some of Marx’s concerns. Capitalism is based upon the creation of surplus value or profit.

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

Fermelita Borre AB1213 Rochelle Igot Philosophical Research Paper What is Alienation? In this paper, we will evaluate alienation and its premises as presented in “Estranged Labor” by Karl Marx. Although the entirety of the arguments he presented in his manuscript were substantial, there was a flaw in one of the arguments he presented in the types of of alienation, the estrangement of the worker from the activity of production.

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.

In other words, the capitalists benefit most from this system. The result of this was often alienated labor, which is one of Marx and Engels’ main critiques of capitalism. Marx explains, “It has drowned the most heavenly ecstasies of religious fervour, of chivalrous enthusiasm, of philistine

In his capitalist system “the worker receives means of subsistence in exchange for [their] labor power,” which serves no purpose but “immediate consumption,” whereas the capitalist receives “a greater value” than they had previously (Marx 209). The worker, despite creating additional earnings for the capitalist, only receives their “means of sustenance,” or their bare minimum for survival. Because the worker has been alienated from their work and the system however, they normalize this exchange, and are content with receiving a mere fraction of what they produce, unaware of their exploitation. Alienation provides the framework for both Douglass’ and Marx’s economic systems to function, as it allows the ruling class to establish a norm of

Karl Marx developed his theories about socialism in the 1800’s. Although Marx’ had written so much about capitalism so long ago he foresaw the increasing gap between the rich and poor. Even in the United States the worlds richest country, the capitalist system continually exploits the working class which causes the gap to become greater and greater which causes an increase in social inequality.

Karl Marx and Max Weber both agreed that capitalism generates alienation in modern societies, but the cause for it were both different. For Marx it is due to economic inequality in where the capitalist thinks that the workers worth nothing more than a source of labour, that can be employed and dismissed at will. This causes the workers to be dehumanised by their jobs (in the past, routine factory work and in the present-day, managing demands on a computer), which leads to the workers finding slight satisfaction and feeling incapable of improving their situation. It was noted by Marx four methods on how capitalism alienates workers. The first, is alienation from the function of working.

Karl Heinrich Marx was a German philosopher, economist, social scientist, sociologist, historian, journalist and revolutionary socialist. Marx was born on 5 May 1818 in Germany and died on 14 March 1883 in London. Karl Marx is regarded to be one of the founding fathers of Sociology. Capitalism, in layman’s term means “an economic, political, and social system in which property, business, and industry are privately owned, directed towards making the greatest possible profits for successful organizations and people.” (Cambridge Dictionary, 2014). Capitalism, according to Karl Marx is divided into two major social classes: the Bourgeoisie and the Proletariat. The Bourgeoisie, which is the minority of the class system, own the means of production such as land, machinery, factories and raw materials whereas the Proletariat, which is the majority of the class system, having no means of their own production and have to work to earn wage for a living.