Notions of labor markets, commodity markets, and human nature are comparably different in Marxist and Libertarian societies. After examining the Marxist and Libertarian ideologies discussed in this paper, a reader should understand why the Marxist point of view is preferred in each of the three covered topics Even when presenting counterarguments against Marxist ideas, the Marxist point of view remains the clear choice over Libertarianism.
Before going in-depth with labor and commodity markets and human nature, it is important to first define what Marxism and Libertarianism are. The Libertarian theory is “the idea that government intervention into the market and the lives of individuals ethically ought to be reduced to the bare minimum” (Business …show more content…
It is a series of political and economic theories stemming from Karl Marx and Friedrich Engels, which revolve around three points of view. These points of view are technology, economics, and class. They depict a capitalist society with a “bourgeoisie” class, the ruling class and a “proletariat” class, the oppressed class. Marx believed, “that history was largely determined by the struggle between the ruling classes and the oppressed classes, which had conflicting interests” (Melanie and Adrian 3). This is what leads to revolutions between base and superstructure. Revolutions happen when the oppressed class overthrows capitalism and the ruling class. They would then be able to build a socialist society and the ruling class would become the majority of the population. Both Marxism and Libertarianism have thorough explanations on their labor markets and commodity markets, along with human nature and how differ from each …show more content…
The examination of each area, while also discussing why the Marxist point of view, will provide a better solutions compared to why the Libertarian point of view has a weaker argument. To begin, from a Libertarians’ point of view, we can start by looking at the liberty principle and what it means. The liberty principle is the freedom to behave and do as you please with your property as long as you do not infringe on the freedom of other individuals. That being said, although labor contacts are at will – meaning…any time – whatever wages you make are yours to keep. Exploitation can occur, however he or she can choose to leave what they are doing and open their own business. Alienation could happen if a person who owns a business says they do not want a certain person or certain type of people in their store or business, but as mentioned before he or she can open a business that does the same. When it comes to profit, “the only responsibility of a business, an individual, or a capitalist is to increase profits, or material worth” (Libertarianism 2). Profit is everything because it is how an individual provides his or her
Before going in-depth with labor and commodity markets and human nature, it is important to first define what Marxism and Libertarianism are. The Libertarian theory is “the idea that government intervention into the market and the lives of individuals ethically ought to be reduced to the bare minimum” (Business …show more content…
It is a series of political and economic theories stemming from Karl Marx and Friedrich Engels, which revolve around three points of view. These points of view are technology, economics, and class. They depict a capitalist society with a “bourgeoisie” class, the ruling class and a “proletariat” class, the oppressed class. Marx believed, “that history was largely determined by the struggle between the ruling classes and the oppressed classes, which had conflicting interests” (Melanie and Adrian 3). This is what leads to revolutions between base and superstructure. Revolutions happen when the oppressed class overthrows capitalism and the ruling class. They would then be able to build a socialist society and the ruling class would become the majority of the population. Both Marxism and Libertarianism have thorough explanations on their labor markets and commodity markets, along with human nature and how differ from each …show more content…
The examination of each area, while also discussing why the Marxist point of view, will provide a better solutions compared to why the Libertarian point of view has a weaker argument. To begin, from a Libertarians’ point of view, we can start by looking at the liberty principle and what it means. The liberty principle is the freedom to behave and do as you please with your property as long as you do not infringe on the freedom of other individuals. That being said, although labor contacts are at will – meaning…any time – whatever wages you make are yours to keep. Exploitation can occur, however he or she can choose to leave what they are doing and open their own business. Alienation could happen if a person who owns a business says they do not want a certain person or certain type of people in their store or business, but as mentioned before he or she can open a business that does the same. When it comes to profit, “the only responsibility of a business, an individual, or a capitalist is to increase profits, or material worth” (Libertarianism 2). Profit is everything because it is how an individual provides his or her