Explicate Marx's argument that capitalism is not fit for human consumption. How does this argument relate to his theory of hum - Essay Example

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Explicate Marx’s Argument That Capitalism Is Not Fit for Human Consumption. How Does This Argument Relate To His Theory of Human Nature and the Concept of Alienation? By [Name of Student] [Name of Institution] 2212 Words [Date] Introduction Capitalism, alienation, and human nature are some of the many social, economical and philosophical issues that Karl Marx worked on in his lifetime…
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Explicate Marxs argument that capitalism is not fit for human consumption. How does this argument relate to his theory of hum
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Download file to see previous pages Marx thus felt that changing the world for the betterment of all humanity would merely require the reformation of the excesses and failures of capitalism and the bad elements in society (Singer 2000, p. 36). On the contrary, it is the bad consequence of capitalism such as poverty and inequality that have ensured life continues to be unbearable for the working class, the poor and other vulnerable people in society (Wolff 2002, p. 113). One of Marx’s most outstanding works on capitalism, written together with a Friedrich Engels was the Communist Manifesto, a pamphlet that has quite influential even in contemporary times. This paper explores Karl Marx’s arguments about capitalism and relates these arguments to his theories on alienation and human nature. Karl Marx on Capitalism Marx’s ideas on capitalism and globalization are largely appreciated and acknowledged even in current times, many years after he first published his works. In fact, even modern day capitalists concur that Marx was mostly right about capitalism. However, questions continue to be asked whether Marx’s ideas could be outmoded and irrelevant to the current world’s economic and social situations. ...
The driving force behind these attempts is the international economic crisis associated with capitalism. According to some of these reassessments of Marx’s theories on capitalism, capitalism will continue to create a cycle of economic depressions due to cycles of overcapacity and overproduction problems (Seigel 1978, p. 19). Capitalist Reasons for Economic Crises Marx’s argument that capitalism is unfit for human consumption is supported by the belief that capitalism is to blame for the economic recessions the world has faced on recent times. His initial descriptions of capitalism have been cited as the reasons for past and the current capitalism-related economic crises. First among these reasons is the antagonism between the social and collective production on one side and the privately owned means of production on the other. The second reason is the opposition between the world market and state limitations to production. Marx also lamented that capitalism only targets profits and not social needs and exploits the working class that creates new values of which the capitalist enjoys the bigger portion while the worker only receives wages. In fact, in some instances, the situation gets so bad that the working class may not afford to buy the goods it produces. Despite the fact that capitalists always reinvest these increased earnings back into the industry, it only yields more profits for them, in the processing making capitalist problems such as overcapacity and overproduction go in circles (Ernie 2004, p. 216). Capitalism and Human Nature The other of Marx’s works that closely relates to his ideas on capitalism is his theory of human nature, in which he criticises capitalism and its elements. The major ...Download file to see next pagesRead More
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