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The nature of capitalism
Discuss theories of Karl Marx essay
The nature of capitalism
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Exam # 1
Karl Marx known today as a man of many talents ranging from a historian to an economist, whose work is to this day just as relevant as it was during his time. Social change is a vital component that drove Marx, and that he sought to instill onto the masses. His work is derived from a changing world, one where a new economic system immerged. Marx advocated for social change amongst the masses that where being exploited as a result of capitalism, the new economic system taking hold. Capitalism brought with it unique concepts, one of those being the exchange of labor for wages. Alienation thus ensues as a result of capitalism, where a worker is alienated from the product, next worker is alienated from the production of that product, followed by an alienation of species being, and further alienates the worker from other workers; in like manner fetishism of commodities is a reworking of alienation.
Marx drew his views from others, such as Hegel, but contrary to Hegel he accredited the driving force of change to reside within the prominent economic system, and the interactions that take place within that economic system rather
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As a member of a capitalism society the worker engages in an exchange of labor for wage, where their labor practices consumes a large portion of their life (Appelrouth and Edles 2016). The worker no longer has that aspect of human nature, robbing them of their existence or species being (Appelrouth and Edles 2016). Capitalism robs the worker from what they can be, for they spent large portions of their lives becoming a commodity; due to this they are unaware of who they are (Appelrouth and Edles 2016). They will experience a lack of self-expression through their work resulting in the neglect of the workers creative nature, which leads to an alienation from self (Appelrouth and Edles
“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.
Karl Marx sums up the basics of his thoughts on alienated labour well in the first paragraph in the last section of the first Manuscript. “On the basis of political economy itself, in its own words, we have shown that the worker sinks to the level of a commodity and becomes indeed the most wretched of commodities; that the wretchedness of the worker is in inverse proportion to the power and magnitude of his production; that the necessary result of competition is the accumulation of capital in a few hands, and thus the restoration of monopoly in a more terrible form; and that finally the distinction between capitalist and land rentier, like that between the tiller of the soil and the factory worker, disappears and that the whole of society must fall apart into the two classes – property owners and propertyless workers.” This is how our society today really does work, and it is much more evident then in 1844 when karl marx was writing about this.
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.
Marx believed that society was beginning to break away from nature as a source of economical support. In the past, humans had relied heavily on agriculture to support themselves but with the beginning of the Industrial Revolution, new technology began to replace old farming techniques and created new factory jobs in cities. Marx had rather extreme views on the extent to which nature in his time had become humanized as a result of human labor.[1] He commented that, “ Even the objects of the simplest “ sensuous certainty” are only given him through social development, industry and commercial intercourse.”[2] "Throughout their labor, humans shape their own material environment, thereby transforming the very nature of human existence in the process.”[3]
Commodity fetishism has blinded people into believing that value is a relationship between objects, when in reality, it is a relationship between people. This in turn, prevents people from thinking about the social labor condition workers have to endure; they only care and value about how much objects costs. They think that the source of the value comes from the cost, but it truly comes from labor (FC). Through this objectification stems alienation and estrangement. Marx starts with the assumption that humans have an intrinsic quality. As human beings, individuals like to be create and manipulate his or her environment. Creating is a part of people; therefore, people their being into their creations. However, Marx postulates that capitalism and specialized division of labor separates that working class from their creations in four ways- through alienation from the product, the labor process, one’s species-being, and humanity itself. The working class suffers through this hostility to make create more wealth for owners of factories. They get trapped in a cycle to make products for profit, but as automation advances, machines begins to take over people’s jobs; therefore, there less employment opportunities available, which in turn allows factory owners to decrease wages and exploit and devalue the working class (EL). In the The Poverty
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 ...
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.
Marx’s theory of alienation is the process by which social organized productive powers are experienced as external or alien forces that dominate the humans that create them. He believes that production is man’s act on nature and on himself. Man’s relationship with nature is his relationship with his tools, or means of production. Man’s relationship with himself is fundamentally his relationship to others. Since production is a social concept to Marx, man’s relationship with other men is the relations of production. Marx’s theory of alienation specifically identifies the problems that he observed within a capitalist society. He noted that workers lost determination by losing the right to be sovereign over their own lives. In a capitalist society, the workers, or Proletariats, do not have control over their productions, their relationship with other producers, or the value or ownership of their production. Even though he identifies the workers as autonomous and self-realizing, the Bourgeoisie dictates their goals and actions to them. Since the bourgeoisie privately owns the means of production, the workers’ product accumulates surplus only for the interest of profit, or capital. Marx is unhappy with this system because he believes that the means of production should be communally owned and that production should be social. Marx believes that under capitalism, man is alienated in four different ways. First, he says that man, as producers, is alienated from the goods that he produces, or the object. Second, man is alienated from the activity of labor to where...
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.
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.
British political economy was brought about by the social analysis of early capitalism by writers such as Adam Smith and David Ricardo. (Bilton, Bonnett, Jones, 2002, p.476) Using these concepts as a base to his theories, Marx further argued against the capitalist regime and was a firm believer of the revolution of the workers which would one day bring about the destruction of capitalism. Marx was also influenced by the philosophical ideas of Georg W.F. Hegel. However, unlike Hegel who was an idealist Marx was a materialist as he believed that the processes of reality as real, concrete existences in the social world. Hegel believed that although these processes were dynamic, they were an expression of development rather than being solid.
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 was a philosopher, a sociologist, economist, and a journalist. His work in economics laid a foundation for the modern understanding of distribution of labor, and its relation to wealth generation. His theories about the society, economic structure and politics, which is known as Marxism led to him developing social classes. He later on showed how social classes were determined by an individual’s position in relation to the production process, and how they determine his or her political views. According to Karl Marx, capitalism was a result of the industrial revolution. Capitalism is a system that has been founded on the production of commodities for the purpose of sale. Marx defined the
Through transforming inorganic substances in nature to create our physical world, having ‘conscious life activity’ is the trait which makes human unique from other animals and provides our lives with purposes. (1844 Manuscript, “Estranged Labour”, p. 174) Capitalism takes away the worker’s freedom to exercise his own life purposes through his work, and hence alienating him from his ‘human essence’. (1844 Manuscript, “Estranged Labour”, p. 176) Fourthly, alienation takes place when there is ‘estrangement from man to man’. The worker feels alienated because the torture he suffered while working belongs to his master who gets to be benefited with ‘enjoyment and pleasure’ afterwards, thus forming an extreme picture of the two parties’ fortunes.
He is known worldwide for his numerous theories and ideas in regards to society, economics and politics. His outlook on these subjects is known as Marxism. Marxism focuses on the imbalance and struggle between classes and society. Marx’s theories stem from the concept of materialism based society and the implications thereof. These concepts leads to the Marxist theory of the failure of capitalism. Marx had a number of specific reasons for the downfall of capitalism yet capitalism remains very real and successful. Marxism covers a wide range of topics and theories, but an in depth analysis of his criticism to capitalism and how it is not relevant to modern day will be explored.