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Difference Between Capitalism And Capitalism

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1)Capitalism is an economic system that supports individual ownership of property and the production of goods and services for private gain.This system is often guided by the forces of demand and supply which implies minimal government intervention.Capitalist mode of production according to Marx is the “product of the industrial revolution and the division of labor coming from it”.In Marx’s capitalism division of labor is necessary for production.This division affects the working class in such way according to Marx that they become “crippled beings”.It is through this process of becoming “crippled” that they experience what is called “acute alienation”.Alienation in a capitalist society is when the workers divide from their humanity because the worker can only express themselves through labour.Each worker becomes an instrument,a thing, and not a person in the eyes of capitalism.Under Marx’s capitalist reality, the division of labor is a “necessary condition for commodity production”.This division attacks the working class at the root of their life.In fact according to Marx the alienation mentioned earlier has several dimensions.The first being the worker becoming estranged and not only from the products of his or her labor but also from the production of his or her labor.Second being the workers activities belonging to the capitalist and the translation of this into the loss of the workers self.Which essentially means he or she enstraging his or herself from themselves

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