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Karl Marx's theory of capitalism
Karl Marx's theory of capitalism
Karl Marx's theory of capitalism
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Karl Marx’s article titled Estranged Labor as found in his 1844 Economic and Philosophical Manuscripts pays significant attention to the political economic system, which is commonly referred to capitalism. He further delves into nature of the political economy with a keen focus on how it has negatively impacted the worker or laborer. Therefore, the laborer forms the subject of his critical and detailed analysis as tries demonstrates the ill nature of the political economy. To start with Karl Marx portrays how the political economy as presented by its proponents has led to emergence of two distinct classes in society; the class of property owners and on the other hand, the class of property less workers. According to Karl Marx (2004), proponents of the political economy have introduced concepts such as private property and competition indicating without providing any form of analytical explanation but rather just expecting the society to embrace and apply such concepts. In particular, political economists have failed to provide a comprehensive explanation for division that has been established between capital and labor. Estranged Labor clearly depicts Marx’s dissatisfaction as well as disapproval towards the political economy indicating that proponents of such a system want the masses to blindly follow it without any form of intellectual or practical explanation. One area that Karl Marx demonstrates his distaste and disappointment in the article is worker or the laborer and how the worker sinks to not just a commodity but rather a wretched commodity (Marx, 2004). This is critical analysis of Karl Marx concept or phenomenon on the alienation of the worker as predicted in Estranged Labor in several aspects and how these concepts are ...
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...ention the foreclosure on their homes. The workers ended up suffering more but the wealthy bankers increased their wealth as they received bailouts from by the government. Nonetheless, the wealthy bankers continue to receive their annual corporate bonuses which amount to billions of dollars. It indicates the level of alienation of worker from the wealth they create as they are left to languish in poverty.
In conclusion, Marx states that the worker is alienated from his own life as well as individuality. This level of estrangement from one’s own life can be equated to slavery as he cannot think, make decision or plan for his future life but rather the capitalist is his owner. Labor camps tend to characterize workers as objects which should be act or behave as normal human beings but are required to follow a set routine of activities in the production of products.
Marx’s idea of the estrangement of man from the product of his labor described the suffering of countless hours or work by the laborer, contributing to the production of a product that he could not afford with the wages he made. He helped to produce a product that only those wealthier than he could afford. As the society around him became more object-oriented, he became increasingly more alienated. In the lager, one factor that distanced the laborer from his product was that he no longer worked for a wage, but for survival. In a description of his fellow worker, Levi wrote, “He seems to think that his present situation is like outside, where it is honest and logical to work, as well as being of advantage, because according to what everyone says, the more one works the more one earns and eats.” Levi pitied his fellow worker for his naivety, as the Lager was not a place of labor for prosperity, but strictly a place of labor by force. One worked in order to live, focusing more on the uncertainty of their next meal, day, or even breath than the product of their l...
“The need of a constantly expanding market for its products (.) chases the bourgeois over the whole surface of the globe” (Marx, 212) and creates a world that cannot exist without the separation of workers and owners and competition for the lowest price. The struggle between the bourgeois and the proletariat begins when the labor of the worker becomes worth less than the product itself. Marx proposes that our social environment changes our human nature. For example, capitalism separates us from the bourgeois and proletariat because it alienates us from our true human nature, our species being, and other men.
Marx, discuss a certain concept of alienated labor as an unavoidable result of capitalist system. The framework that he tries to draw in the book is that capitalist system should be blamed to have class strafication and alienated labor in the society. In a capitalist society people suffer from class conflict and property ownership of bourgeoisie. Bourgeoisie owns the big factories and businesses so then, small manufacturers have to shut down and basically have to join the labors in the big businesses. Workers in capitalist system are obligated to work for long hours under unhealthy conditions for really low salaries. In order to feed a family provide just basic needs, they have to accept those conditions otherwise they would be down the street without any source of income. While bourgeoisie class is enjoying large profits and luxuries life that has been provided by the effort of labors, they can barely themselves and the family.
With the emergence of an industrial working class that arrived from the farms and countryside new theories and ideologies about the political economy began to appear. Karl Marx, a political philosopher during this time, introduced the idea of "alienation of labor". His theory proposed that labor has the ability to create a loss of reality in the laborer because the laborer himself becomes a commodity or object due to the nature of work. In terms of the roles of women it can be argued that the effect is even greater due to the limited choices of work available. This theme is expressed in literature through the writings of Gilman and Alcott.
Karl Marx (1818-1883) and Émile Durkheim (1858-1917) were sociologists who both existed throughout similar time periods of the 19th and early 20th centuries, resulting in both Marx, and Durkheim to be concerned about similar effects and impacts among society (Appelrouth and Edles: 20, 77). Marx’s main focus was on class distinctions among the bourgeoisie and proletariat, forces and relations of production, capital, surplus value, alienation, labour theory of value, exploitation and class consciousness (Appelrouth and Edles: 20). Whereas Durkheim’s main focus was on social facts, social solidarity – mechanical solidarity and organic solidarity, anomie, collective conscience, ritual, symbol, and collective representations (Appelrouth and Edles: 77). For the purpose of this essay, we will be focusing on the concerns that arised among Karl Marx and Émile Durkheim towards the benefits and dangers of modern capitalism. Marx and Durkheim’s concepts are comparable in the sense that Marx focuses on alienation and classes, which is similar to Durkheim’s concepts of anomie and the division of labour. The beginning of the Industrial Revolution and technological advances can be seen as a key factor that gave emergence to modern capitalism, as the economic system was based on private ownership, mass production, and increased profits, resulting in people to be separated based on class and the division of labour, later giving rise to alienation and anomie. In this essay, I will explore Karl Marx’s and Émile Durkheim’s evaluation of the benefits and dangers that came about with the rise of modern capitalism. Through these two theorists and sociologists, we can analyze, discuss, compare, critique, and come to understand how modern cap...
Under the oppression of the bourgeoisie, the proletariats, who composed the mass majority, only owned one resource—their labor. However, the bourgeoisie could not continue to exist without the instruments of production. Since the common worker lived only so long as they could find work, and could only work so long as their labor increases capital, they continued to be oppressed by the bourgeoisie, who controlled the capitalist society by exploiting the labor provided by the proletariats. People sell their laboring-power to a buyer, not to satisfy the per...
Because of the conditions that the wage-workers worked in, Marx described it as exploitation. Marx felt that the wage workers were being exploited. The capitalist, also known as the bourgeoisie, were exploiting the wage workers, the proletariats, because of their cheap labor. They were essentially using them to create and increase their own profit. This in turn brought up alienation. Basically, alienation, also known as estrangement, is when a person is separated from their work, what they produce, themselves, and their environment. Marx’s theory of alienation was used to describe workers laboring under the capitalist society. The workers, also known as wage laborers, were commodities—things that are bought, sold, or exchanged in the market. They were selling their labor which means that they were being alienated from what they were doing.
The concept of alienation plays a significant role in Marx's early political writing, especially in the Economic and Philosophical Manuscripts of 1848, but it is rarely mentioned in his later works. This implies that while Marx found alienation useful in investigating certain basic aspects of the development of capitalist society, it is less useful in putting forward the predictions of the collapse of capitalism. The aim of this essay is to explain alienation, and show how it fits into the pattern of Marx's thought. It will be concluded that alienation is a useful tool in explaining the affect of capitalism on human existence. In Marx's thought, however, the usefulness of alienation it is limited to explanation. It does not help in either predicting the downfall of capitalism, or the creation of communism.
In his Manifesto of the Communist Party Karl Marx created a radical theory revolving not around the man made institution of government itself, but around the ever present guiding vice of man that is materialism and the economic classes that stemmed from it. By unfolding the relat...
Marx’s theory of alienation describes the separation of things that naturally belong together. For Marx, alienation is experienced in four forms. These include alienation from ones self, alienation from the work process, alienation from the product and alienation from other people. Workers are alienated from themselves because they are forced to sell their labor for a wage. Workers are alienated from the process because they don’t own the means of production. Workers are alienated from the product because the product of labor belongs to the capitalists. Workers do not own what they produce. Workers are alienated from other people because in a capitalist economy workers see each other as competition for jobs. Thus for Marx, labor is simply a means to an end.
The more goods the worker produced the more the workers felt as an alien to his own product. Workers efforts and labor did not belong to him, but belong to the owner of the company that hired him. Workers labor came from within as a natural act but also exists outside of him from what was produce and means a loss of his self. Work is a critical source of identity and life purpose of a human being. Marx wrote the “Manifesto of Class Struggle” which is between the upper class and the lower class. Lower class was known as the proletariat and their labor through the means of production. Higher class is known as the bourgeoisie they are the dominant class that deprived the lower class of their lively hood. Political institutions shaped the society according to their own happiness. The world expanded through industrialization, means of production and exchange and capitalism. In the labour-power and capital it that the commodities are objects that promise human needs and wants. Exchange-value allows a commodity traded in equal value to another commodity. The value of a commodity was determined by Marx on how long it takes for the product completed and how many times it can be
In definition, private property is the right of persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other forms of property. Private property is different from public property in which public property are assets owned by state or government compared to a private business or individual. Yet, in Marx’s opinion, “private property is thus the product, the result, the necessary consequence of alienated labor, of the external relation of the worker to nature and to himself. Private property thus results by analysis from the concept of alienated labor, of alienated man, of estranged labor, of estranged life, o...
THE TERM "alienation" in normal usage refers to a feeling of separateness, of being alone and apart from others. For Marx, alienation was not a feeling or a mental condition, but an economic and social condition of class society--in particular, capitalist society.
Karl Marx’s critique of political economy provides a scientific understanding of the history of capitalism. Through Marx’s critique, the history of society is revealed. Capitalism is not just an economic system in Marx’s analysis. It’s a “specific social form of labor” that is strongly related to society. Marx’s critique of capitalism provides us a deep understanding of the system to predict its pattern and protect ourselves from its negative sides.
The contributions of a worker diminish once owners figure out ways to increase the means of production. If an employee is producing twenty pairs of shoes a day, and working ten long excruciating hours earning the minimum of ten dollars an hour. The company begins to incorporate new technology that speeds up the production process, and now the worker is producing forty pairs of shoes. If each pair of shoes is selling for forty-five dollars, then the total profit made is 1,800 dollars. After compensating the worker for their labor, the surplus value of that company is 1,700 dollars just accounting for one employee. If the new technology speeds up the process of production, then the worker may end up working less hours and her role makes less of an impact. Marx recognizes that the worker is an “expendable object that performs routinized tasks” in a capitalist economy (Appelrouth & Edles, 2016). The worker is at a disadvantage because companies will determine their decisions based on profiting over jeopardizing their economy by placing the worker first. Capitalism reinforces globalization because relocation tends to take place, and then there are individuals competing for labor and