Karl Marx's Concept Of History

Improved Essays
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

Related Documents

  • Improved Essays

    He defined Capitalism as more than the raw materials, products, and wealth but the exchange and social relations. In capitalism, the interests of the product owners and laborers are at war with each other. Laborers simply strive to survive and provide for themselves and their families. Owners seek to expand their wealth at the cheapest costs and beat their competition. As a result, the system is inherently unequal in the treatment of social classes and the earnings.…

    • 946 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    It’s clear that I do support the statement from Marx and Engels because the Bourgeoisie always wanted more profit for themselves and a lower wage for the working class. That action is what produces a class struggle because one side is benefiting from the weakness of the other. People who have a prestigious profession were working like a factory worker. In the means of lower wage because the bourgeoisie didn’t help to create a system that classified people by the way they earned their living such as capitalism. The statement in the communist manifesto is agreeable and it could be able to explain because the class struggle that communism produces it’s a sad reality for the working…

    • 735 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    It pits the wealthy against the lower class of society. This conflict is not the product of greed, or the lack of compassion for the poor, but it is the product of capitalism in Marx 's view. Marx contends that a capitalist society can only lead to social inequality by reason of, it is designed to promote individualism . The proletariat sells their labor to the bourgeoisie, or the capitalist, for money, but the capitalist owns the machines, the building, the product, and everything else associated with making the product. The goal of the capitalist is to achieve the largest profit margin as possible.…

    • 827 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    This large quantity of workers originally hold some power in their ability to create, but that is taken away and alienated from them when he, “bargains for [his products] sale with the capitalist” (Capital, 386). Having so many employees working on machinery that produces large amounts of goods also leads to surplus value which is a problem in itself (Capital, 405). Surplus value is, “the end aim of capitalist production.” That is, “to exploit labor power to the greatest possible extent” (Capital, 385). We have already established that alienation leads to estranged labor, but this estranged labor leads to wages, a sort of middleman between needs and the satisfaction of them (Economic, 80). Since people work for their, “final result to be money,” and not to actually use the good produced, the objects that he labors over are made solely to be exchanged for something else, whether that be currency or another object (Capital, 328).…

    • 1339 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    This was in fact not the case as Marx argues that because of the “exploitation of labour” and “overproduction” cracks form in the economy creating recession and in turn capitalism is affected. (64-65 EICST) Marx has said that the exploitation of labour is the main driving force of capitalism. This is due to the extra work that labourers would do that they would not be getting paid for. This can be seen as him feeling the labourer as mistreated and in such paves the way to a communist society. Marx predicted that capitalism will undo itself by ‘sowing the seeds of its own destruction’ p90 (MSOST).…

    • 1578 Words
    • 7 Pages
    Great Essays
  • Superior Essays

    Smith claims that employees’ ability to choose employers creates freedom, but Marx and Engels believe that is forced and involuntary because of the existing capitalist society which requires work in order to survive (Smith, p. 206). This competition enslaves individuals because of the capitalist structure they live in. Marx and Engel may argue that there may be a time in society when specialization in certain jobs is no longer required because of the advancements in technology will take over. In response to the critiques of Marx and Engels, Smith may argue that ideas drive history because materialistic reality creates ideologies, which drive the creation of machinery. This creation of machinery gives workers the opportunity to have skill, especially for those who may have little time for…

    • 1307 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    In this world division of labor and capitalism is essential for capitalist, most people would also think is important for the workers as well. Which it is for a period of time, but after a while the benefit fades away. There are more negative consequences of division labor and capitalism than you think. This essay will analyze all the negative consequences of the division and labor and capitalism arguments by Smith, Marx, and Durkheim. In Adam Smith’s book “An Inquiry into the Nature and Causes of the Wealth of Nations” Smiths argue that the division labor destroys “intellectual social and martial virtues”.…

    • 1697 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    If firms preferred liquidity over long term investment, this then shows how insufficient demand reveals the vulnerability of Say’s Law. 3. Karl Marx’s theories of capitalism most intrigued me because he dissects Adam Smith’s theory for capitalism and presented the several contradictions of capitalism. He came from a different time period than Smith; he saw the class struggles and the capitalist society setting as something that is not ideal. Even though the standard of living increased thanks to capitalism, Marx witnessed laborers always tried to make ends meet.…

    • 1265 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Economic Crisis Dbq

    • 822 Words
    • 4 Pages

    Supply is also determined by capitalists because they are the ones who decide what to produce and how much to produce. So they have the power to build supply and demand balance. No matter how recklessly workers childbearing or landlords spend, capitalists are the one who determines the purchasing power of both themselves and other classes. Yet, they act as profit-seeking individuals, not as a class with mutual goals and thus they can’t or don’t use the power they have to stimulate balanced growth. So, Marx claims that underconsumption is a fault of capitalists, who impose longer working hours to labors without payment to produce a surplus.…

    • 822 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Division of labour is assigning different tasks and jobs to various people, in effort to complete one big task more efficiently. Theorist Emile Durkheim argues that division of labour is beneficial to society. In his defence, he claims that division of labour is favourable in a society because it raises the skill of each worker, and creates a union between workers within the division. Durkheim also argues that division of labour helps create order within society. On the other hand, theorist Karl Marx heavily argues that division of labour is non beneficial to society because it creates differences within social classes and takes away from the unity of society.…

    • 1404 Words
    • 6 Pages
    Improved Essays