For Marx, Capitalism Is ‘A Progressive Historical Stage

Marx was a big proponent for the working-class movement and the equality in terms of property. To him, the issue that is most important to conquer is the issue of the estrangement and alienation of man, where man himself is the alien power over man – more specifically, it is workers who are being estranged (Marx 1988, 79). Consequences of this estrangement can be seen with private property, because although it seems to be the root of the problem, private property is actually the consequence of “alienated labor”, explaining why capitalism is a horror to him (Marx 1988, 81). It may be thought that an easy way to give workers equality would be to pay them equal wages, but this is yet another estrangement of labor (Marx 1988, 82). Progress, to Marx, would need to consist of a way to diminish the root of the problem – estrangement of the worker. This would consist of “emancipation of the workers” because the emancipation of the workers would have a large ripple effect, and result in the universal human emancipation (Marx 1988, 82). As it has been addressed multiple times, the estrangement of the worker is the root of the problem, and a step towards progress would need to consist of the workers being emancipated so they are no longer alienated and forced to labor while getting nothing but monetary payment for their labor. The alienation of workers furthers the issue by leading a society towards private

The simplistic perception of capitalist society varies greatly among Smith and Marx. Smith believed that capitalism is a mechanism designed to curb man's selfishness and put it to work for the general good of all (Baumol, 1976). Conversely, Marx believed that capitalism is based on neither good nor evil, but a product of historical circumstances or experience (Baumol, 1976). Marx also believed that the law of motion in capitalism frustrates, rather than facilitates, the individual ends (wealth). Marx believed that wealth divides capitalists by class, and that workers must develop in a universal class (Levine, 1998). Marx also disagreed with Smith in believing that production must cease to be a labor process if it

In Communist Manifesto, Marx introduces his philosophy by stating, “The history of all hitherto existing society is the history of class struggles.” Marx presents various illustrations of class struggles between the oppressors and oppressed. Some examples include the “lord and serf”, “freeman and slave”, and “patrician and plebeian” to name a few. Marx suggests that the current struggle in society is between the bourgeoisie and proletariat. The bourgeoisies are the class of owners or the ruling class. What separates the bourgeoisies from the rest is that they have private property. According to Thoreau, private property is that which produces capital. It is buildings, engines, and machinery. In

Marx thought of capitalism in a pessimistic way, he saw the relationship between the employee and employer in a capitalistic society as toxic. To Marx, in a capitalistic society the employee would always be at a constant struggle for power be never endlessly repressed by the bourgeoisie. The employer would pay employees only what they needed to survive making it impossible to move up in class or society. He also recognized that in capitalism everything becomes corporatized. Things like marriage go from a sacred bond between two individuals that once never included money or the government, to something that is regulated by the national government and must be done through the federal court and include ties between the individual's financial status. Small businesses would also become corporatized, a local family doctor has now become part of a larger practice that brings in complex forms of payment such as insurance instead of simply paying a small family doctor directly. He also goes into the downfall of capitalism. The way capitalism works is through a series of economic highs and lows, each high is marked by prosperous times, high employment rate, and overall happiness. But the lows are marked by deterioration of the national economy, low employment rates, and struggle for all classes. To Marx’s these highs and lows are what's killing capitalism with each low being worse than the last until the people revolt and create a new form of government. The next would be socialism and once this fell like capitalism, the new governing system would be communism. Communism is an ideal system where people are never struggling for money and are paid based on their needs rather than their particular job. Through this system a

Marx's theory on Capitalist exploitation is an incredibly deep theory, but to explain it in a nutshell, it is that the working-class people are improperly compensated for their work. The rich, the higher-ups, they continue to expand their wealth by exploiting the working class, the Capitalist system not only allows but effectively demands that Capitalists increase their wealth, long-term or short-term, whether at the cost of the working-class or not. There are three “values” to take into consideration, the use-value, the exchange-value and the

According to Marx, “bourgeois private property is the final and most complete expression of the system of producing and appropriating products, that is based on class antagonisms, on the exploitation of the few by the many” ("Manifesto of the Communist Party" 1118). He says that the validity of private property is presupposed in a capitalist economy. However, a capitalist economy actually splits human beings into two classes: the bourgeoisie, or the proprietors, and the proletariat, or the wage-laborers. Marx also says bourgeois private property is created because of the alienation of the wage-laborers. He says that one way that the wage-laborers are alienated is from their product of their labor, since the

The five major revolutionary changes that the bourgeoisie brings about through capitalism are market economy, private property, wages, imperialism, and financial institutions. Marx and Engles say these changes are bad because they widen the gap according to income making mobility between classes inaccessible and ultimately making equality unattainable. Marx believed that the market economy worked in a capitalist society to direct repression of movements to keep the elite as elites and the lower class in the lower class. The fluidity of money in capitalism is okay, for the first few years there is no change, and people are almost equally spread. But, as time moves forward the distance between the first class and the middle class widens The same goes for the middle class to the poor and an even larger gap between the poor and the elite as I am sure you can imagine.

Under capitalism, if you purchase a business and pay people to work there, you are entitled to all of the profits earned. Marx views this as an immoral and an unsustainable socio-political model.

For example, it shapes the nature of religion, law, education, the state and so on. According to Marx, capitalism sows the seeds of its own destruction. For example, by polarising the classes, bringing the proletariat together in ever-increasing numbers, and driving down their wages, capitalism creates the conditions under which the working class can develop a consciousness (or awareness) of its own economic and political interests in opposition to those of its exploiters. As a result, the proletariat moves from merely being a class-in-itself (whose members share the same economic position) to becoming a class-foritself, whose members are class conscious – aware of the need to overthrow capitalism. The means of production would then be put in the hands of the state and run in the interests of everyone, not just of the bourgeoisie. A new type of society – socialism developing into communism – would be created, which would be without exploitation, without classes and without class conflict. Marx’s work has been subjected to a number of criticisms. First, Marx’s predictions have not come true. Far from society becoming polarised and the working class becoming poorer, almost everyone in western societies enjoys a far higher standard of living than ever before. The collapse of so-called ‘communist’ regimes like the former Soviet Union, and growing private ownership and capitalist growth in China, cast some doubt on the viability of the practical implementation

The Communist Manifesto left a tremendous impact on a society that was rapidly becoming industrialized, and its effects can even be seen on the dominating economic system of the twenty-first century. In the later nineteenth century, however, industrial capitalism was on the brink of ruin. “On many occasions during the past century, Marxists have thought that capitalism was down for the count . . . Yet it has always come back with renewed strength.” Industrial capitalism succeeded in the face of communism, despite numerous economic disasters. As the capitalist economists hopefully noted at the time, these economic earthquakes, temporary in character, soon cured themselves and left capitalism unscathed. Karl Marx sought to create

Karl Marx on the other hand, has a wildly different opinion on property. In his most famous piece, The Communist Manisfesto, Marx’s opinion is set up in one line; "… the theory of the Communists may be summed up in the single sentence: Abolition of private property” (Marx in Cahn 885). Marx firmly believed that ownership of private property was a way in which the social classes became more divided, and in turn, a way to oppress the poor. His opinion largely stems from the time period in which he lived (1818-1883), where factory owners infamously underpaid employees for dangerous work in treacherous conditions. However, Marx idea of private property was a bit different from Locke and did not mean things like land ownership or personal items, but the relation of individuals used for the means of production in a privately owned enterprise. Marx points out however, that in this state, unlike the ideas and time of Locke (1632-1704), the laborers do not benefit or acquire any property from their labor. In fact, the capital they are producing is the “kind of property that exploits wage labor” (Marx in Cahn 886) and serves to oppress them and further the division of classes. Therefore, Marx aimed to take this “private property” and give it to the Proletariats in order to change its status from the elite ownership of the Bourgeoisie, to the

Marx's ideas on labor value are very much alive for many organizations working for social change. In addition, it is apparent that the gap between the rich and poor is widening on a consistent basis. According to Marx, the course of human history takes a very specific form which is class struggle. The engine of change in history is class opposition. Historical epochs are defined by the relationship between different classes at different points in time. It is this model that Marx fleshes out in his account of feudalism's passing in favor of bourgeois capitalism and his prognostication of bourgeois capitalism's passing in favor of proletarian rule. These changes are not the reliant results of random social, economic, and political events; each follows the other in predictable succession. Marx responds to a lot of criticism from an imagined bourgeois interlocutor. He considers the charge that by wishing to abolish private property, the communist is destroying the "ground work of all personal freedom, activity, and independence". Marx responds by saying that wage labor does not properly create any property for the laborer. It only creates capital, a property which works only to augment the exploitation of the worker. This property, this capital, is based on class antagonism. Having linked private property to class hostility, Marx

Marx’s theory of alienated labour is structured around a class-based system. It is vital to acknowledge that Marx’s evaluation of the capitalist system is based focused the Industrial Revolution a century and a half ago, and therefore must be kept somewhat in that context. Within Marx’s simplified capitalist society model, one class of people own and control the raw materials and their means of production. They are referred to as capital, bourgeoisie, or the owning class. The capitalist does not just own the means of production, but also all the items produced. By virtue of their ownership of production property they receive an income and earn a living from the operations of their factories and shops. The owning class owns the productive resources, though they do not usually operate the production means themselves.

As capitalist societies expanded, Marx argued that exploitation amongst workers became more apparent. Marx believed that the only way to get rid of the exploitation, oppression and alienation was for a revolution amongst the proletariat workers. Marx suggests that it is only when the means of production are communally owned, that class divisions among the masses will disappear.

The ideology behind what private property represents and conveys through the theories of both Locke and Marx's results in contrasting views. Locke heavily stresses the blending of labor and common land to create private property to increase one’s wealth. Liberty and livelihood under Locke’s theory is tied to the ability of an individual to control the use of their private property. Marx’s theory strongly contends that the bourgeoisie has gained control of the profit making private properties leaving the working class in a stage of exploitation. Marx’s conclusion then is to set private property in the hands of the people in hopes of creating universal economic equality. Respectively each thesis places governments, labour and religion