Marx versus Reich

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The rapid development of global economy with the opening of new markets worldwide gave way to the development of new means of production and also to the change of ideologies across the world. Alongside with that, the division between different groups or classes within societies became more apparent as some people got richer and other poorer. These two phenomena, the worldwide development of industries and consequent class struggles, have been analyzed by two major thinkers of their times, Karl Marx and Robert Reich. Their essays have been influential and are similar in sense that they analyze existing conditions of societies and give projections on future fates of people, or more specifically, fates of classes. In this paper, the main focus will be on the fate of the wealthiest people; these are the bourgeois for Marx and symbolic analysts for Reich. More specifically, it will be argued that the rich people will be in the worst position according to Marx and this position will cover two aspects: material aspect, which is how well the rich will eventually manage their properties, and the inherent antagonism of classes and its consequences for the wealthy.

The conditions described and analyzed by both thinkers are very similar and are focused on the rapid development of global trade and global economic cooperation. Marx mentions in the beginning of his “Communist Manifesto” that the “the discovery of America, the rounding of the Cape, opened up fresh ground for the rising bourgeoisie” (para13). In other words, the extension of the world market with the discovery of the lands rich with resources and new types of products allowed the rich people to widen their scale of operation and shift to the new markets in order to make more pro...

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...o conclude with, the worst fate is waiting for rich people in Marx’s “Communist manifesto”, and is explained by 2 factors: mismanagement of given resources and negative result in the class struggle between the poor and the rich. Reich, on the contrary, argues that the wealthiest people, these are the symbolic analysts, will thrive due to the higher demand for their services and better technologies. Both authors see the capital factor in different lights and predict the rich to either succeed with the help of it, or lose because of its mismanagement. Meanwhile Reich does not mention any tension among different classes Marx sees the doom of the rich in its defeat to proletariat. Nevertheless, considering that Reich describes modern times and having witnessed the fall of USSR, a model of Marxist regime, should we incline more to Reich’s predictions on the rich’s fate?

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