Marxs Theory on the Fall of Capitalism - 1479 Words

Why did Karl Marx believe that capitalism would eventually collapse and be replaced by communism? To what extent were his predictions confirmed by the history of the twentieth century? Karl Marx is regarded by many as the first social scientist ever. Although it is argued that Adam Smith was the first great economist, and David Ricardo the first great modern economist, Marx is undoubtedly the economist that has had the biggest impact on economic history. It was he that masterminded the concept of a socialist utopia, which ultimately led to over a third of the world been ruled under the communist regime , a model that Marx concocted. Born on 5 May 1818, in Trier, one of Germanys oldest cities, Marx was the first economist who infused†¦show more content†¦Workers would be wasted in their jobs as they would be doing the same thing on a day to day basis, his line of reasoning was that the workers were putting their jobs before their human needs. Marx believed that the worker would become a slave of the machine that they operated every day. In his Communist Manifesto, Marx wrote that the proletariat are daily and hourly enslaved by the machine, by the overlooke r, and above all, the individual bourgeois manufacturer himself (Marx. K, Engels. F, p 15). If a worker had the same routine for years on end it would lead for him to start thinking that something needs to change, this was what Marx hoped would happen, that the worker would realise that he was just a tool for a system that did not care whether he prospered or not. With rising discontent, Marx believed that revolution would follow. Marx was incorrect when saying that the workers would become alienated from the capitalist system due to all the above factors, in fact he couldnt of been more wrong. This point was one of the gaping errors in Marxs predictions, standards of living have massively increased for the working class since Marx wrote Capital (1867). The UKs GDP per person has increased from  £3,191 to  £19,030 from 1870 to 1999 (Maddison, 2001). This puts a lot of Marxs work in to question as the proletariat are happy because they are experiencing increased standards of living, revolution cannot happen if theShow MoreRelatedThe Communist Manifesto And Das Kapital1151 Words   |  5 PagesDas Kapital. Among his theories he discussed ideas involving the economy, politics, and social relations. Some of his most important phrases most central to Marx’s thinking were alienation, freedom, surplus value, and social relations of production. The new ideas he presented regarding politics and economics, h is critiques of other theories and political systems, and the long- lasting impact he had on society are what made Karl Marx innovative. Marx argues that capitalism creates alienation andRead MoreModern Political Ideas and Doctrines Essay1670 Words   |  7 Pagesa) How did Marx conceive the transition from capitalism to communism? 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Ever since the age of imperialism, globalization has served to spread capitalism and its effects across the world. This globalization did not occur as predicted by Marx, with â€Å"capitalism spreading across the world† and uniting the proletariat of every nation against the bourgeoisie (Munck 51). Instead, as discussed earlier, globalization took a different route, forcing an interconnectednessRead MoreThe Communist Manifesto By Kar l Marx Essay1374 Words   |  6 Pagesstructure of governments and society in countries around the world. The theory behind â€Å"The Communist Manifesto† is a simple one: â€Å"The history of all hitherto existing society is the history of class struggles†Ã¢â‚¬â€ but, Marx believes, history could take a new direction if guided by the disinterested equalizing force of communism. In the first chapter of his great manifesto, Marx argues that as the bourgeoisie, motivated by ruthless capitalism and industrialization, accrued more and more wealth, the proletariatRead MoreMexican Society in the eyes of Karl Marx and Emile Durkheim1118 Words   |  5 Pagesopportunity to explore a current event in Mexican society and the influence of social media which we attempt to view through the eyes of both Karl Marx and Emile Durkheim. We will focus on Karl Marx’s conflict theory of capitalism and Emile Durkheim’s structural functionalism theory of dynamic density. Bot h theories remain relevant today, and a correlation exists regarding the effect of social media on egoistic versus altruistic states of anomic suicide in present society. In summation of the article