Karl Marx, who was praised as one of the greatest economists, spent his most life on researching and analzying economy and how it can shape the human lives. He worked with his partner, Frederick Engels, in order to write a manuscript, called "The German Ideology." This manuscript mostly explains about historical change with an outline of conception: "the materialist conception of history." Also, Marx wrote another manuscript, called "Capital", which concentrated on his analysis and argument of capitalism. With his works on analyzing economic system, Chapter 3 in textbook, "Introduction to Political Economy" by Charles Scakrey, Geoffrey Schneider, and Janet Knoedler, will talk about materialist conception of history and Karl Marx 's critique
…show more content…
And all the economic systems have produced social classes, which are divided from top to bottom. Karl Marx believed that such this change is resulted from struggles between dialectical opponents. And those struggles appeared as many different types of form such as war, revolution and democratic reform. Those struggles, in fact, are derived from workers and capitalists; capitalists usually have problems, dealing with workers because the workers tend to be not interested in their jobs. Globalization, a social transformation that provides cheapest labor and resources for capitalists in order to minimize their costs, seemed emerging as a good strategy for capitalists. However, it may cause "underconsumption" because low wages on labor undermine the desire of buying from people. Hence, the market will be destablized and the capitalists may not make enough profits. Eventually, this cycle will remain inefficient. Since the capitalism is the dominant idea in the world, Karl Marx remained his idea and argument on capitalism in his work, called …show more content…
Division of labor generates great efficiency in productivity; however, for long term, it will be hard to maintain the efficiency because division of labor will provide simpler tasks to the workers, and they would be tired of doing the same task. Therefore, the workers become mindless, and that may lead to stress and accidents. Also, owners always are worried about the mindless workers who are likely to do their jobs effortless; therefore, the owners monitor the workers. Ultimately, the workers are entirely in control of owners. Additionally, the capitalists or owners always want to extract benefits out of the workers; they sometimes try to extend the working time from the surplus value in order to use the labor value as much as possible. Also, since many inventions emerged and applied in factories, workers were replaced by the machine. With those kinds of relationship between owners and workers, the workers always took disadvantage in the capitalist
And all the economic systems have produced social classes, which are divided from top to bottom. Karl Marx believed that such this change is resulted from struggles between dialectical opponents. And those struggles appeared as many different types of form such as war, revolution and democratic reform. Those struggles, in fact, are derived from workers and capitalists; capitalists usually have problems, dealing with workers because the workers tend to be not interested in their jobs. Globalization, a social transformation that provides cheapest labor and resources for capitalists in order to minimize their costs, seemed emerging as a good strategy for capitalists. However, it may cause "underconsumption" because low wages on labor undermine the desire of buying from people. Hence, the market will be destablized and the capitalists may not make enough profits. Eventually, this cycle will remain inefficient. Since the capitalism is the dominant idea in the world, Karl Marx remained his idea and argument on capitalism in his work, called …show more content…
Division of labor generates great efficiency in productivity; however, for long term, it will be hard to maintain the efficiency because division of labor will provide simpler tasks to the workers, and they would be tired of doing the same task. Therefore, the workers become mindless, and that may lead to stress and accidents. Also, owners always are worried about the mindless workers who are likely to do their jobs effortless; therefore, the owners monitor the workers. Ultimately, the workers are entirely in control of owners. Additionally, the capitalists or owners always want to extract benefits out of the workers; they sometimes try to extend the working time from the surplus value in order to use the labor value as much as possible. Also, since many inventions emerged and applied in factories, workers were replaced by the machine. With those kinds of relationship between owners and workers, the workers always took disadvantage in the capitalist