Human Capital As A Solution To Marx’S Problems With Capitalism.

Division of labour is also credited with the rise of trade between different areas, the rise of capitalism, and increasingly complex manufacturing and industrialization. For Karl Marx, the production portion of Capitalism signalled great trouble. He believed production in Capitalist society worked in a way that the rich factory owner benefited and the poor factory workers lost. In his manner of reasoning, the Capitalist system was inherently meant to benefit the rich and exploit the poor: “All the bourgeois economists are aware of is that production can be carried on better under the modern police than on the principle of might makes right. They forget only that this principle is also a legal relation, and that the right of the stronger prevails in their ‘constitutional republics’ as well, only in another form.”[ii] Marx’s view of society and the world lead him to believe that humans create change in their lives and in their environment through practical activity in the practical world.

Karl Marx believes that a capitalistic society separates the rich from the poor. corporations that holds the money hold the power to dictate whether certain fucntions of society.

Marx’s issue with society was that people felt alienated and estranged, mostly from their work. Marx saw the entire capitalist economic system, though a necessary stage in human development, as unjust. He blamed capitalism for the alienation people felt, identifying their need to sell their labor and work in unfulfilling jobs as the root of their dissatisfaction. He took issue with the dehumanization capitalism causes, as people are seen as a commodity and their individuality is sacrificed for industry and the success of their

Designed over two hundred years ago, Karl Marx’s philosophy defines specific characteristics known today as the Marxist approach. In this critical approach, whomever holds the power and controls the factories or means of production, consequently controls the whole society. Marx’s opinion states that the laborers running the factories and thus holding the means of production should be the ones holding the power. However, this idea rarely holds true in practical society. Frequently, Marx notes, powerful people hire others to carry out the labor. This division of power reflects current culture. Two main classes or categories of people exist, the bourgeoisie and proletariat. The bourgeoisie is the powerful, or those who are in charge of

Marx’s primarily aims to explain how communism will free men, end the class struggle. The work argues that class struggles, and the exploitation of one class by another is the source of all inequality. Marx’s theories become one the motivating force behind all historical developments. The work strongly advocates the freedom of the proletariats which Marx’s claims can only be achieved when property and other goods cease to be privately owned. He see’s that private property has been a problem through out history, capital that aids the ruling class to maintain control. Marx argues that the lower class come together in a revolution and gain power and eventually take the power away from the upper class.

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

Karl Marx developed his theory on class division by suggesting that all societies have two major classes, a ruling class and a subject class. The ruling class owned a means of production such as land or capital, whereas the subject class did not. Marx argued that this leads to the ruling class exploiting the subject class. The ruling class use a superstructure of the legal and political systems to justify its position and prevent protests by the subject class. In capitalist societies the main classes are the bourgeoisie (capitalist) and the proletariat (working class). In these societies the bourgeoisie exploits the working class through wage labour. The capitalists pay wages to the workers, but make a profit because they pay the workers less than the value of what they produce. Capitalism is the newest type of class society but it will also be the last. Eventually it will be replaced by a communist society in which the means of production

The Industrial Revolution (1750-1850) had brought about significant changes in agriculture, mining, manufacturing, transportation and technology and subsequently established an era of unprecedented economic growth in capitalist economies. It was within this era that Karl Marx had observed the deprivation and inequality experienced by men of the proletariat, the working class, who had laboured excessively for hours under inhumane conditions to earn a minimum wage while the bourgeoisie, the capitalist class, reaped the benefits. For Marx it was this fundamental inequality within the social and economic hierarchy that had enabled capitalist societies to function. While Marx’s theories, in many instances have been falsified and predictions

Karl Marx, in the Capital, developed his critique of capitalism by analyzing its characteristics and its development throughout history. The critique contains Marx’s most developed economic analysis and philosophical insight. Although it was written in 1850s, its values still serve an important purpose in the globalized world and maintains extremely relevant in the twenty-first century.

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

The need for a second, less class of citizenry to work is essential and they are referred to by Marx as the labour, Proletariats, or the working class. The working class exists to run the means of production, and they must sell their labour-power to the owning class in order to sustain themselves. Their skills are their only true ‘value’ in the alienated minds of the capitalists. The worker is limited with what they have to offer the capitalist and that is themselves and their individual skills as a commodity.

The philosophy of Karl Marx begins with the belief that humans are inherently cooperative with common characteristics and shared ends. To human beings, life is considered an object and therefore, humans make their “life-activity itself the object of his will and of his consciousness” (Tucker 76). In other words, humans are able to think, imagine, and “produce even when he is free from physical need and only truly produces in freedom therefrom” (p. 76). It exemplifies that idea that humans not only have the capability to create things for survival but express themselves in what they produce, within the standards of the human race or universally. When capitalist wage-labor enters the picture, it forces these shared ends and the freedom of expression in human production to cease, causing a rise of competitiveness among

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.

Marx examines human beings from the perspective of social practices and social relationships. In his view, human nature incorporates both natural attributes and social attributes, and human characters are not solely shaped by natural attributes but are shaped by the unity of individuals and social activities, which refers to the effect of the interrelationships between human themselves and social activities.

Though Marx views the communist revolution as an unavoidable outcome of capitalism, his theory stipulates that the proletariat must first develop class consciousness, or an understanding of its place within the economic superstructure. If this universal character of the proletariat does not take shape, then the revolution cannot be accomplished (1846: 192). This necessary condition does not pose a problem within Marx’s theoretical framework, as the formation of class consciousness is inevitable in Marx’s model of society. His writings focus on the idea that economic production determines the social and political structure (1846, 1859). For Marx, social class represents a person’s relation to the means of production, a relation that he believes is independent of