Karl Marx Post Capitalism

According to Karl Marx, capitalism entails maximization of personal profit making activities to get rich. This theory emerged during the industrial revolution in Western Europe and it spread through the world through the philosophies of Karl Marx. It is applicable to many activities in the human life like production where production and distribution of goods and services is done within capitalist societies. The forms of making money or getting rich by private individuals may include merchant trade, production for profit and capital investments is a variety of sectors that is aimed at maximizing profit margins. This leads to personal struggle in the field of business and the government has no part to play in making legislations that discourage …show more content…
This is possible after capitalism becomes extinct and other models are slowly replacing capitalism. Among the new models is socialism. Here, there is social ownership of many activities in the world including sport and other forms of entertainment. Karl Marx once proposed that knowledge will at one time be the basis of wealth as opposed to labor and capital. In this case, the society is predicted to be self-sufficient in production and utilization of resources in a fair and free manner. Information sharing is also a possibility in post-capitalistic society as a result of the negative effects that are likely to come as a result of capitalism. These effects include inflation, global warming, and unemployment for a larger proportion of the world’s population. Work councils are to determine the need for economic rewards and they should be awarded by merit through participatory economy and this is possible through the use of democracy. Post-capitalism approaches will reduce the dominance of the economy by few parties or individuals at the expense of the majority. This will make sport even more interesting to watch and participate …show more content…
Alienation of these professional sportsmen comes as a result of being promised greener pastures. This lures them away very easily considering the fact that they are after making money and being famous. Even those who pledge their allegiance to their teams are easily manipulated and convinced to join other teams. Modern capitalism has taken root in the world of sport to an extent of match fixing for the purpose of making money through betting. Post-capitalistic advances should be made in haste so that sports can be as fair as they should be. This could entail eradication of the use of banned drugs in sport so that results are not manipulated to fit desired