Karl Marx was a German philosopher who developed the idea of communism. Communism is Marx’s theory of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state (Communism). With communism, members cannot get goods and services from other people’s work. He wanted to destroy Capitalism. Capitalism is an economic system in which all or most of the means of production and distribution are privately owned and operated in a competitive environment through the investment of capital to produce profits. Marx disliked the fact that people were living labor of other people while those people worked to get their wages. He viewed capitalism as a prejudiced system and
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He assumed that the relationship between workers and capital would be opposing, He believed that the collapse of Capitalism was inevitable because is had flaws itself that would destroy itself. In the Manifesto of the Communist Party, Marx mentions that “Capital is a collective product, and only by the united action of all members of society, can it be set in motion (Marx 1978:pg 485). In summary, the members work together to make products. Also, capital is a social power. In Marx’s theory, division of labor is necessary for commodity production (Kirschner lecture 10/8/2015). Exploitation and competition would help destroy Capitalism. He believed the exploitation of workers and natural resources would push to increase profit by lowering wages or lengthening hours of work (Kirschner lecture 10/8/2015). There was no limit on growth with natural resources. Moreover, he believed with competition, there would be a growing working class known as polarization, and the middle class would …show more content…
The modern industrialization created these basic flaws. The Bourgeoisie, who were the controllers of the means of production, played the most revolutionary part. The bourgeoisie drew all nations into civilization through production. has put an end to all feudal relations. “It has resolved personal worth into exchange value, and has set up unconscious freedom” (Marx 1978:pg 475). The bourgeoisie has torn families apart due to money relations. In addition, “The bourgeoisie cannot exist without constantly revolutionising the instruments of production, and thereby the relations of production, and with them the whole relations of society” (Marx 1978:pg 476). Bourgeoisie continues to surface all around the globe with the constant need of expanding the market. Market is a place where exchange takes place. Their fast development to exploit the worker allowed them to get a hold in the market. For this purpose, Capitalism evolved into globalization. Also for this reason, this is why many people found themselves with the idea of wealth through production. When finding new wants, they require for their satisfaction of the products to be high. Above all, bourgeoisie has formed population, brought together the means of production, and has concentrated property. For this reason, political centralisation was
He assumed that the relationship between workers and capital would be opposing, He believed that the collapse of Capitalism was inevitable because is had flaws itself that would destroy itself. In the Manifesto of the Communist Party, Marx mentions that “Capital is a collective product, and only by the united action of all members of society, can it be set in motion (Marx 1978:pg 485). In summary, the members work together to make products. Also, capital is a social power. In Marx’s theory, division of labor is necessary for commodity production (Kirschner lecture 10/8/2015). Exploitation and competition would help destroy Capitalism. He believed the exploitation of workers and natural resources would push to increase profit by lowering wages or lengthening hours of work (Kirschner lecture 10/8/2015). There was no limit on growth with natural resources. Moreover, he believed with competition, there would be a growing working class known as polarization, and the middle class would …show more content…
The modern industrialization created these basic flaws. The Bourgeoisie, who were the controllers of the means of production, played the most revolutionary part. The bourgeoisie drew all nations into civilization through production. has put an end to all feudal relations. “It has resolved personal worth into exchange value, and has set up unconscious freedom” (Marx 1978:pg 475). The bourgeoisie has torn families apart due to money relations. In addition, “The bourgeoisie cannot exist without constantly revolutionising the instruments of production, and thereby the relations of production, and with them the whole relations of society” (Marx 1978:pg 476). Bourgeoisie continues to surface all around the globe with the constant need of expanding the market. Market is a place where exchange takes place. Their fast development to exploit the worker allowed them to get a hold in the market. For this purpose, Capitalism evolved into globalization. Also for this reason, this is why many people found themselves with the idea of wealth through production. When finding new wants, they require for their satisfaction of the products to be high. Above all, bourgeoisie has formed population, brought together the means of production, and has concentrated property. For this reason, political centralisation was