Disagreements On Marxism And Karl Marx's Views On Capitalism

1337 Words6 Pages
Jordan Schuetz History 20 Dis. M 2-3pm 28 May 2014 Disagreements on Capitalism Karl Marx, Adam Smith and Andrew Carnegie came up with various perspectives on how capitalism could be improved or changed for the betterment of society. Karl Marx lived from 1818-1883 and was alive during the Industrial Revolution which was a time that moved Europeans to cities from rural farming.. Marx observed the economy he lived in and saw the huge flaws with capitalism. Poverty, class conflicts and private property were all flaws of capitalism that Marx thought we could avoid if historical change took place. Capitalism according to Marx is an extremely unsatisfactory government system that gives power to the upper class landowners and keeps the proletariat exploited. The proletariat in a Capitalist society are continually exploited for their labor and don’t receive any of the profits for the item they produced for their firm. Shareholders of the firm end up being the ones who reap the rewards from the company even though they have nothing to do with manufacturing the good expect investing money. Marx insists that society would be better off if working class individuals controlled and owned all of the capital in the economy. In a capitalist society the bourgeoisie make huge amounts of money off the proletariat which is something that can’t last forever. Marx argued that as time passes increasing tensions between classes will surface and end capitalism altogether. Essentially, the lower class will revolt and force the government to abolish the capitalist system by putting in place socialism. Socialism doesn’t support alienated labor or employees as commodities for sale. Alienation of labor occurs in a capitalist society according to Ma... ... middle of paper ... ...ofit, but to help the community. Carnegie tested that if the capitalists and rich land owners give their extra money back to society, it will have a great benefit on everyone. People will not only seek out technological innovation for profits, but they will do so to have their name remembered forever due to the generosity of giving back to the people. The rich according to him needed to be philanthropists or else the working class would lose faith and stop supporting the firm. Ironically, if the rich don’t give back, Carnegie believes once they die the majority of their funds should be taxed to the government which in turn can give it back to the people the capitalists originally took it from. Mark Smith and Carnegie disagreed on many aspects on how a utopian economy should run, but knowing their differences allows us find ways to improve our current society.

More about Disagreements On Marxism And Karl Marx's Views On Capitalism

Open Document