Karl Marx And Modern Capitalism

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In order to first understand the basis of capitalism and whether it is doomed or not one must first understand the basis of Karl Marx. Karl Marx was a German sociologist born in the 1800 's. Marx during his time studied the rise of capitalism that spread throughout western Europe years after the Industrial Revolution. During this period there were rapid economic and social changes occurring. With expansion of technology , transportation and communication, this allowed for commercial market goods to also expand. As a result of this change modern capitalism put the bourgeoisie in political and economic power. Many of Marx 's work was to expose capitalism for the danger it does to the economy but more importantly the danger it does to the working …show more content…
Starting off with Marx concept of alienation, alienation is the dehumanization of wage workers. There are four aspects of alienation , first workers are alienated from the product of their labor, second, they are alienated from the means of production, thirdly, their own being ,and lastly dehumanized from society. When workers are alienated we become less and less attached with ourselves”. For Marx, alienation is inherent in capitalism, because the process of production and the results of our labor confront us as a dominating power”( Appelrouth&Edles, 47). In today 's society many of jobs provided by capitalist alienate wage workers in many ways. Let 's take workers ,working at a fast food restaurant as an example. Workers do not get to decide how much they can sell the product of their labor for, that is already taking care of by the capitalist or business owners, thus alienating them from the product of their labor. When making a hamburger the worker had to follow guidelines giving to them by …show more content…
A commodity according to Marx is a mysterious thing. It is an item that society gives meaning and value. Marx writes that a commodity is “ a very queer thing abounding in metaphysical subtleties and theological niceties”. When we begin to give these commodities “magical powers” they become a fetish to us. Fetishism of commodities when items appear before our eyes with no history , or no relation to the labor of the product. Capitalist keep 's the production of labor a secret because people might agree with the way these commodities come about. Apple iPhone 's ', for example are a huge commodity fetishism in modern capitalism. Majority of the people in the United States, and across the globe own iPhone 's. When reviews were given about this product no one saw anything negative about the product or had anything bad to say. What these individuals did not keep in mind was the crucial labor put into making these products. They did not think of workers who spend tremendous hours in critical condition factories who make iPhones. Many of the workers work in factories that are overseas, hazardous conditions such as overcrowding, exposure to toxic chemicals, and explosions are a daily danger to these people all in exchange for a wage. Why don 't we see about these poor conditions in the

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