Marx's Theory on the Fall of Capitalism

Even though his views of a communistic utopia are strongly opposed in America, we can use the problems he pointed out to improve capitalism. Marx thought people wanted to feel important through their work, and he feared capitalism would ruin this desire. In large firms and factories, the contribution of individuals would seem minute, leading to alienation (Wolff). Marx also concluded that capitalism made humans expendable. He believed people would be seen as another form of production that could easily be replaced when costs rise or new technology takes their place. This could be solved by a communist world where everyone feels valued. This "equal ness" would also prevent capitalists from gaining enormous profits, which came at the expense of the talent and hard work of the labor force. He also believed capitalism was unstable and was bound to have many crises throughout its reign due to an accumulation of an abundance of resources. One rather remarkable belief of Marx was how unemployment was good because it meant the labor force was so productive that people did not need to work. He thought unemployment should be looked at as freedom. For example, Marx opposed the female work opportunity movement by asking why women want to join in the agony that is work. Overall, Marx thought capitalism would teach us to be anxious, competitive, conformist, and politically complacent

Marx’s wants factories and shops to exists, but not to be owned by the bourgeoisie. Marx’s explains that the average price of wage-labour only “produces the bare existence.” The proletariats, the working class, heavily rely on capitalism and exploitation in order to survive. Private property revolves around the antagonist the reduction of wages is implemented, and the products created by the proletariats turn into capital. Marx states, “does wage-labour create any property for the labourer? Not a bit. It creates capital, i.e., that kind of property which exploits wage-labour.” This implies that if wage labor continues to exists the bourgeois with only receive the benefits while the proletariat cannot attain any property. The more the proletariats worked for the bourgeoisie under wage labor the more their individuality diminishes. Marx wants to target the ruling class and abolish their rights and privileges to make equality for

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 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

Marx believes a totalitarian state is a necessity in the beginning stages until a classless society is achieved; he is indifferent to limitations on the power of the government because he knows society will not willingly change their ways for the greater good (Marx and Engels, 1969). Marx recognizes the desire for society to change and his structure for the future is clearly outlined in his works. A socialist system will teach people to be selfless and lead to destruction of class distinctions. The main goal is to reduce the unequal distribution of wealth achieved through exploitation of the workers by the bourgeois class. Marx viewed capitalism as a flawed system which teaches human nature to pursue selfishness. For example, people are less willing to produce and sell their commodities if it bears no monetary generation. There is an overwhelming want by people to make money and it hinders the development of technology.

Karl Marx witnessed first hand the rise of the industrial revolution and the beginning of capitalism. He also became one of capitalisms biggest critics. Marx believed that society needed a better way of distrusting wealth but also a better way a finding people’s full human potential or what he called “species-essence”. Marx believed that what we do connects to who we are, for example, work is what makes us human. It fulfills our species essence, as he puts it. Work allows us to be creative and flourish. However, in the 19th century Europe work did the quit opposite, it destroyed workers, particularly those who had nothing to sell but their labor. To the mill and factory owners a worker was simply an abstract idea with a stomach that needed to be filled. The workers had no choice but to work for long hours for a pathetic wage. Even worse, their labor alienated them. Alienation is a disorienting sense of exclusion and separation. Factory labor, under capitalism, alienated the workers from the product of their labor. They made stuff they couldn’t afford to buy themselves. The products they made were shipped out to other places far way to make money

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

Marx divided the society into two classes, those that are property owner and those that are property-less workers. This is an analogy that still can be found in this modern era. For example, wealthy people for the most part own a variety of property, while the least wealthy often do not own much property as they are working for the wealthy. These workers suffer estrangement and impoverishment from the world. It occurs because these workers are a mean of production and allows the job to hold them hostile. These workers also invested their life into the labor, but they do not own the fruits of the labor. This make them more estrange as he produces more.

Capitalism is seen as the American Dream with so many possibilities to become a success. Marx does not see capitalism this way. In fact, he sees it as the exact opposite. Rather than living a meaningful life, Marx thinks that because of capitalism that people live an alienated life. He thinks that we are dominated by impersonal powers and that people do not have control over their own life when capitalism is in the way. Marx says, “the positing of social activity, the consolidation of our product as a real power over us, growing out of our control.” Marx imagines society pre and post capitalism and sees it as a better place. He thinks that if we drastically reorganized our economic system, alienation could be abolished. One of Marx’s biggest claims is that because of work, people stress themselves

At the time Marx started writing his theories, the Industrial Revolution was taking place. Feudalism had been done away with, and the people who had been living on the common land allowed to them by lords were forced to leave. Without land or a livelihood that had previously been found in farming, people flocked to the cities to find work. With the Industrial Revolution also came an advance in technology. Ambitious people with enough capital goods and money started factories and soon came to be known as capitalists. An economy based on capitalism, a system that revolves around private ownership of the means of production, typically by a select few, was born. With the flood of newcomers to the cities, there were more than enough people to work the factories, so the capitalists did not have to take into account the workers opinions for fear of losing laborers. Marx felt that this allowed the capitalists to exploit their workers and not pay them what their labor should be worth. He also felt that capitalism was a system that thrived off of havoc and

The nature of capitalism meant the bourgeoisie needed to exploit their workers in order to make a surplus. If they didn’t do this they would fall themselves into the proletariat and their employees would work for someone who would. This made the situation of the proletariat all the more dire. Marx expressed this view when he defined the proletariat as “a class of labourers, who live only so long as they find work, and who find work only so long as their labour increases capital” (page 8). This meant that the chances of a proletariat had to advance into a higher economic class were reduced and a further polarisation of classes would develop. This meant that a class struggle was inevitable if one views Marx’s theory as one of ‘group-formation’ as is explored by Reinhard Bendix in his study of Marx. Bendix suggests that in Marx’s view “ruling classes are aware of their common interests and have the organizational means to promote them, while oppressed classes still seek to achieve class consciousness and organizational cohesion.” Hence due to a lack of class consciousness the proletariat continue to struggle. This was inevitable, according to Bendix view of Marx, due to the nature of the oppressed classes. A similar idea that causes inevitable class conflict mentioned again by Bendix is that a “lack of acquaintance and competing interests divided the workers amongst them-selves. Although all of them lived a starkly deprived life, their

Marx understanding of society shift into modernism lead to develop a form of communism that would come to be known as Marxism, communism is the economic thought of Marxism. Marx understands that Modernism calls for society to embrace equality for the betterment of society. Part of the problem with Capitalism comes from its exploitation of the working class; Marx understands this problem to be a vein of Pre-modernism and not a pillar of Modernism. Marx calls for the working class to rise up over their bourgeoisie oppressors and seize the equality that rightfully belongs to them. “Society as a whole is more and more splitting up into two great hostile camps, into two great classes directly facing each other – bourgeoisie and proletariat. (Communist pg. 9)” If society wants to embrace modernism, then society needs to shift its focus from fighting each other and one exploiting another to a classless society. Marx highly criticizes the bourgeoisie in The Communist Manifesto, and this stems from the problems they created for themselves and for the rest of society. In their attempt to gain more power, land, and resources, their material conditions, upon the prominence which their families had been formed, were dissipating due to the lack of foresight and selfish greed. If the Bourgeoisie continues to exploit the proletariat then society will head to conflict, as is expected of Pre-modernism, but if the Bourgeoisie cease its exploitation and relinquish its power for the group,

Karl Marx came up later with a theory of a classless society to help the working class fight back. Marx came up with many radical ideas to change the way society was proceeding socially which, caused him to be banished from his native land in Germany and then from France, eventually he ended up in England. (Compton's Encyclopedia, 121) Karl Marx believed that social conflict was needed for society to function. He showed people not to be scared of conflict but rather to except it as a way of life. Karl Marx believes that people have a "class consciousness" which means that people are aware of differences between one another and that it causes a separation between groups of people. People mostly look at material objects for a sense of class status. If you are wealthy in life then you have many material objects and if you are poor then you have very little. People need to be educated in order to move up in society, which is why the working class people rarely have a chance to be very successful. Karl Marx realized that the working class deserved more then they were receiving and he tried to help the situation. Marx wanted the wealthy people and the poor to become more economically equal in status. Karl Marx also discusses the economic issues that the working class faces with change. With capitalism growing there is a greater need for production in the factories. More products need to be produced and at

Marx came to his conclusion through tracing the proletariat and bourgeoisie roots to the fall of the feudal system. In his book The Communist Manifesto he says that it was here that he saw the bourgeoisie coming to power while the proletariat fell on the economic ladder. While he admits that there has always been a class division in society, it has become increasingly obvious to detect. Due to the inventions of the steam engine and the assembly line, the bourgeoisie became more selective while the proletariat grew in size and started forming unions. He began to notice that the bourgeoisie were beginning to come to power while the proletariat started to grow in numbers. Marx believed that there were multiple reasons that led the bourgeoisie to create their own destruction. First, the bourgeoisie could not help but oppress the proletariats and stand by as they began to sink lower and lower into society, thus increasing the chance of a proletariat uprising. Second, Marx writes, “The advance of industry…replaces the isolation of the laborers, due to competition…due to association” (Marx p. 21). Marx believed that human reasoning would ultimately prevail and that the proletariats would eventually rise up and cast out the bourgeoisie. Human intuition,

     I do understand that in some cases the system has a stain upon it and Marx was out to find the solution. Unfortunately he thought that by making a radical socialistic movement, and changing the a capitalist system to a