Capitalism And Historical Materialism In Theoretical, By Friedrich Engels

784 Words 4 Pages
Capitalism is an economic system based on market exchange. Usually, in capitalism, people are hired to make a profit by marketing the goods and services they make. Capitalism is the reason the entire world is brought into one system and I consider it to be the most effective system. In capitalism, a product is dominated by the capitalist, and thus making the goods be a part of social production rather than an individual appropriation. (Engels, 99) Social order is greatly influenced by the capitalist mode of production and the mode of exchange. Capitalism is the product of historical materialism, which is how the basic principles of production came to be and hence came the realm of free competition, freedom of movement, equal rights of commodity owners and much more. (Engels, 97) In this essay, I will be focusing on the passage "Theoretical," by Friedrich Engels, who mainly focuses on historical materialism and the contradictions which arises from capitalism. Therefore, I will explain the fundamental contradictions in capitalism and consequently and discuss the two contradictions that are brought up by …show more content…
The author here is talking about how the market is having a hard time to keep up with the amount which is produced by capitalists. This forces the capitalists to equal production with consumption and also causes the workers to be alienated from their creation thus, further creating a conflict in individual appropriation. The way to solve mode of production rebelling against the mode of exchange is to unify mode of production, appropriation, and exchange with the social character of the means of production. Moreover, the mode of exchange and mode of production has to coexist in the system to work, as they are dependent on each

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