When one thinks of private property, one often takes up the assumption that the word “private”, is equitable with “personal” property. Due to this fact, we tend give a type of personification to the term which leads people to believe that the two terms, are in fact one and the same. The term private, denotes a sense of ownership dictated by a singular entity, as does the term personal, however, there is a nuanced difference between the two – private property is that which can be capitalized upon; ensuring the continued growth of wealth by its owners, often at the hands of those who work within it (Marx and Struik 103-112).
Private property, in the case of heavily capitalistic countries, is a term which is often equated with freedom, liberty, and in some cases patriotism. To own private property is to extend your personal property into the realm of business interaction within the community. While business interaction, trade and/or common exchange tend to be sociological ideals which we can strive for, those same interactions between the proletariat1 and the bourgeoisie2 promote an ideology where the working class is separate but dependent on the capital efforts of the bourgeois3 class.
Due to the dependence on the proletariat’s exploitation for further acquisition of capital by the bourgeois, the survivability of both classes falter due to the monetary misuse of labor capital. The laboring class; especially: the class of industrial workers who lack their own means of production and hence sell their labor to live
2 | A social order dominated by bourgeois3
3 | An individual who is of the lower caste of Aristocrats that owns the means of production.
which is evidenced by a minimum wage that does not allow...
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...l economic health, the problem of poverty will remain an issue. However, removing the profit mechanism by introducing a communal syndicate would resolve much of this problem since it would be essentially eradicating the bourgeois influence on industrial prioritization.
Works Cited
Bosworth, Barry. "The Stock Market and the Economy."Brookings Papers on Economic Activit. 2.1975 (1975): 257-300. Print. .
Marx, Karl, and Dirk Struik. Birth of the Communist Manifesto. 1st ed. New York: International Publishing, 1971. Print.
Mises, Ludwig Von, and F.A Hayek. Socialism: An Economic and Sociological Analysis. Indianapolis: 1981. Web..
Marx states that the bourgeoisie not only took advantage of the proletariat through a horrible ratio of wages to labor, but also through other atrocities; he claims that it was common pract...
The rapid development of global economy with the opening of new markets worldwide gave way to the development of new means of production and also to the change of ideologies across the world. Alongside with that, the division between different groups or classes within societies became more apparent as some people got richer and other poorer. These two phenomena, the worldwide development of industries and consequent class struggles, have been analyzed by two major thinkers of their times, Karl Marx and Robert Reich. Their essays have been influential and are similar in sense that they analyze existing conditions of societies and give projections on future fates of people, or more specifically, fates of classes. In this paper, the main focus will be on the fate of the wealthiest people; these are the bourgeois for Marx and symbolic analysts for Reich. More specifically, it will be argued that the rich people will be in the worst position according to Marx and this position will cover two aspects: material aspect, which is how well the rich will eventually manage their properties, and the inherent antagonism of classes and its consequences for the wealthy.
Marx, Karl, Friedrich Engels, and Robert C. Tucker. The Marx-Engels reader . 2d ed. New York: Norton, 1978. Print.
The Communist Manifesto by Karl Marx and Friedrich Engels was first published in 1848, with an easy to understand language and a simple structure (brief introduction, followed by three chapters and a conclusion short); it contained the main ideals of communism. It was written from a meeting between Communists of many Nations, and published in several languages.
In this essay, I will discuss how Marx’s Theory in the Communist Manifesto outlines how the Bourgeoisie supplies the proletariat with it’s own element of political and general education, which in the end, leads to the demise of the bourgeoisie and the capitalist class. In the movie, Capitalism: A Love Story by Michael Moore, he clearly outlines contemporary issues that show how the capitalist class causes it’s own demise through it’s selfish focus on profit and how a united population can eradicate slavery.
Marx, Karl, Friedrich Engels, and Robert C. Tucker. The Marx-Engels reader. 2nd ed. New York: Norton, 1978. Print.
Marx, Karl. And Engels, Friedrich. "The Communist Manifesto." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.
Karl Marx noted that society was highly stratified in that most of the individuals in society, those who worked the hardest, were also the ones who received the least from the benefits of their labor. In reaction to this observation, Karl Marx wrote The Communist Manifesto where he described a new society, a more perfect society, a communist society. Marx envisioned a society, in which all property is held in common, that is a society in which one individual did not receive more than another, but in which all individuals shared in the benefits of collective labor (Marx #11, p. 262). In order to accomplish such a task Marx needed to find a relationship between the individual and society that accounted for social change. For Marx such relationship was from the historical mode of production, through the exploits of wage labor, and thus the individual’s relationship to the mode of production (Marx #11, p. 256).
Marx, Karl and Friedrich Engels. "The Communist Manifesto." The Norton Anthology of Theory and Criticism. Ed. Vincent B. Leitch. New York: Norton, 2001. 769-773.
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, Karl, and Friedrich Engels. The Communist Manifesto. Trans. Paul M. Sweeny. New York: Monthly Review Press, 1998.
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...
Marx, Karl and Friedrich Engels. "The Communist Manifesto." The Norton Anthology of Theory and Criticism. Ed. Vincent B. Leitch. New York: Norton, 2001. 769-773.
The political philosopher believed that communism could only thrive in a society distressed by “the political and economic circumstances created by a fully developed capitalism”. With industry and capitalism growing, a working class develops and begins to be exploited. According to Marx, the exploiting class essentially is at fault for their demise, and the exploited class eventually comes to power through the failure of capitalism.... ... middle of paper ...
According to Marx class is determined by property associations not by revenue or status. It is determined by allocation and utilization, which represent the production and power relations of class. Marx’s differentiate one class from another rooted on two criteria: possession of the means of production and control of the labor power of others. The major class groups are the capitalist also known as bourgeoisie and the workers or proletariat. The capitalist own the means of production and purchase the labor power of others. Proletariat is the laboring lower class. They are the ones who sell their own labor power. Class conflict to possess power over the means of production is the powerful force behind social growth.