StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The God that Failed: A Marxist Perspective on the Financial Crisis - Coursework Example

Comments (0) Cite this document
Summary
The paper "The God that Failed: A Marxist Perspective on the Financial Crisis" highlights that Marx's writings shed light on what his idea of a solution to the problem would be, assuming Marx would be personally unaffected by the tremendous disaster of these principles being put into practice…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
The God that Failed: A Marxist Perspective on the Financial Crisis
Read TextPreview

Extract of sample "The God that Failed: A Marxist Perspective on the Financial Crisis"

Download file to see previous pages Intellectuals like British economist Joan Robinson, Frankfurt School theorists Theodor Adorno and Max Horkheimer, French historians of the Annales school, British literary critic  Frederic Jameson, and German sociologist Max Weber all have researched and presented Marxist perspectives in their fields. Marx’s lasting influence has ensured his lasting place in the idealisms of people across time and space. In the face of the current financial crisis, people in Germany have turned to Karl Marx for guidance (Connolly). This is understandable, given the widely-held notion that laissez-faire capitalism, the subject of so much Marxist vitriol, is the villain and mastermind of the crisis. Thus, it seems that the works of Marx and other Leftist thinkers might have some relevance in creating a lasting solution to the problem. As Machiavelli famously said, “For the great majority of mankind are satisfied with appearances, as though they were realities, and are more often influenced by the things that seem than by those that are” (Hacker 179). As educated citizens, we must resolve not to be satisfied with the superficialities of the appearances, and seek reality. Analyzing Marxist theory and its impact allows us to understand what is beyond mere appearance. From the given facts of reality, we can derive a normative prescription for the world to follow: steps that involve listening to the words eternal in their wisdom.
Karl Marx, as alluded to before, left a lasting impact on many fields; of these, perhaps the sociology of work, in particular, felt the largest effect. He accounted for the fundamentally political relationship between employer and employee, as well as the materiality of class conflict. This analysis remains pivotal in the sociological examination of work. Marx pushed forward the prospect of a sociological approach to work, which he delimited the scope “to the sociology of the factory”. Marx’s analysis provided the foundation of the relationship between home and work. Along with this came a description of exploitation irrespective of class (Grint 95). Although the crux of Marxist theory has been applied to the formation of a novel economic system, the body of his work really lends credence to the notion of specific sociology of work, dealing with primarily Marxist notions of alienation and labour necessity. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Does Karl Marx's account of the workings of the market economy help us Coursework, n.d.)
Does Karl Marx's account of the workings of the market economy help us Coursework. Retrieved from https://studentshare.org/macro-microeconomics/1553136-does-karl-marxs-account-of-the-workings-of-the-market-economy-help-us-tounderstand-the-causes-and-likely-outcomes-of-the-present-global-economic-crisis
(Does Karl Marx'S Account of the Workings of the Market Economy Help Us Coursework)
Does Karl Marx'S Account of the Workings of the Market Economy Help Us Coursework. https://studentshare.org/macro-microeconomics/1553136-does-karl-marxs-account-of-the-workings-of-the-market-economy-help-us-tounderstand-the-causes-and-likely-outcomes-of-the-present-global-economic-crisis.
“Does Karl Marx'S Account of the Workings of the Market Economy Help Us Coursework”. https://studentshare.org/macro-microeconomics/1553136-does-karl-marxs-account-of-the-workings-of-the-market-economy-help-us-tounderstand-the-causes-and-likely-outcomes-of-the-present-global-economic-crisis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The God that Failed: A Marxist Perspective on the Financial Crisis

Accounting & Financial Management

AWB’s operations can be categorized into areas ranging from ‘pool management services’ to ‘harvest financing’, and ‘International commodity management’. Only a company with such a big range of activities and financial outlays can become the benchmark for an equally big company like ‘Woolworth Limited’.

The performance of an entity can be better analyzed through its profitability analyses. The profitability ratios like Gross Profit ratio, Net Profit Margins, Return on assets (ROA), and Return on Equity (ROE). The calculations of such ratios are shown in the attached annexure. The Gross Profit ratio measures the percentage of each pound or dollar of sales remaining aft...
10 Pages(2500 words)Assignment

Financial Management Analysis of Rio Tinto Plc

Taking into consideration that Harmony is the sixth-largest in the world in the gold mining industry, the choice of Harmony God Mining Co. as a benchmark company is the most suitable and justifiable. Moreover, Harmony has also some investment stake in Rio Tinto, and this situation makes the company more suitable for the choice. At places, the benchmark company’s performances have been better than Rio Tinto, and thus Harmony has a competitive edge as well over Rio Tinto.

Profitability ratios like Operating Margin Ratio, Net Margin Ratio, Return on Assets (ROA), and Return on Equity (ROE) are the performance analyzer of any company. Profit Margin ratios show the relationship between profit and sales. Since profit ca...
8 Pages(2000 words)Case Study

Law of Financial Services

For instance, the European Commission’s Regulation No. 1049/2001 which very specifically details rules and regulations governing the public access to European Parliament, Council and Commission documents. Article 8 of the regulation states that “personal data shall only be transferred to recipients … (b) if the recipient establishes the necessity of having the data transferred …” (Regulation 1049/2001). Although this law is not at all related to the data protection of banks and their customers, it does give us an impression of how serious the EC is in protecting the integrity of data.
In saying that the laws that we have on data protection have adequately addressed the needs of banks and custom...
6 Pages(1500 words)Article

The Nature of God and Its Relation to Mission

It is God's agent in history, through whom He works by historical processes. Men learn of God and respond to Him in the context of their whole lives as personal, social beings because of the activity of the Christian community. Thesis Mission theology occupies a central role in religious teaching and supported by the main dogmas and principles of theology.

The main texts Genesis 12, Exodus 9 and 19, Numbers 14, several parts in Deuteronomy, Joshua, 1 Samuel, 1 King, 1 Chronicle, Psalm, Isaiah, Jeremiah, Ezekiel, Daniel, Micah, Habbakuk, Zephaniah, Haggai, Zechariah, and Malachi. Jonah's story is considered a missionary book of the Old Testament1. Christians have so understood their role. Jesus' understanding of his role...
8 Pages(2000 words)Case Study

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages(2500 words)Research Paper

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages(5000 words)Literature review

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Towards Inclusion: an Australian Perspective

 Looking at the Australian and other viewpoints from extant literature, the current report seeks to form cohesion from disparate sources on the issue of inclusion programs, with the basic assumption that these programs are of value, primarily because they help the student with special needs to develop socially.
The topic of the current investigation is the inclusion of special education students in mainstream classrooms. From the 20th century onward, there has been more of a focus and emphasis on inclusion programs and mainstream programs, in Australia as elsewhere in the modern Western world. These programs include special education students as a part of the mainstream classroom so that they are integrated with their pe...
8 Pages(2000 words)Assignment

Socialization in Education Perspective

Self-sensation is one of the basic human characteristics and humans develop it in the earliest stages of life. It is an awareness of those characteristics that form the personality of an individual. A child starts to realize the circumstances around him and begins to perceive different relations in a specific way. Self-sensation means to perceive and observe different behaviors of people. It is very difficult to change the self-sensation of a person in the later stages of life. Scientists, who have done research in this field, also believe that self-sensation can never be changed because it is formed in the earliest stages of a person’s life. The formation of self-sensation highly depends on the interaction between the child...
7 Pages(1750 words)Assignment

The Relationship Between Financial Perfprmance and Corporate Social Resposibility on Saudi Electricity Company

The pragmatic parallel mixed methods design was adopted for the study using the questionnaire, structured interview guide and content analysis were the primary instruments utilized in the collection of data. A total of 500 respondents participated in the study. These respondents represented the five sectors considered in the study, namely: the community residents, SEC employees, SEC managers, personnel from other establishments (i.e., the marketplace) and the government.  A combination of sampling techniques was used in this study: stratified random sampling, for the community respondents and SEC employees; simple random sampling, for the respondents of other companies; and purposive sampling for SEC managers and a representa...
88 Pages(22000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic The God that Failed: A Marxist Perspective on the Financial Crisis for FREE!

Contact Us