In order to avoid conflicts bred in economic differences, the society would have to change in a manner such that the means of production would be under the ownership of the government (State). Under this system, people would produce in an associated manner, rather than the competitive nature of capitalism. The people would also be in control of their labor and work in an un-alienated manner for the good of all the people in the country. His vision was one of both political and economic democracy. Unfortunately, there are dictators, especially in Russia, that twisted his ideas to form a dictatorship whereby the government used its power and wealth to exploit the common man. In spite of these shortcomings in the application of socialism, there are some aspects in today’s American economy that are the results of Marxism(Marx 's Concept of Man np). Things like welfare for the elderly, food stamps for the poor, good earnings, provision of unsecured credit facilities and other policies have led to the empowerment of the working class. Additionally, companies can be owned by the members of the public through things such as IPOs that allow for collective ownership. There has been a drastic change in the way capitalist economies run, some of which can be explained with the help of Karl Marx’s …show more content…
The owners of production companies have to lay off the working class who suddenly have items that they cannot maintain; for example, loans that they cannot repay and vehicles that they cannot fuel. The “new middle class” is back in the trenches of poverty. The reason behind this is that the Brazilian government approached the matter of emancipation without proper strategic planning. By making unlimited funding available to people with little or no background education, especially in the area of investment, the government did not empower the poor. Instead, they fed them with false promises that were quite unsustainable (Brazil 's 'new Middle Class ' Struggles as Economy Plunges np). Before one can spend, he or she must learn how to invest and make money for the future. The Brazilian authorities, therefore, misinterpreted Marxist Socialism by giving the poor money and destroying their future in a tragic way. A change has occurred after the class conflict that ended ten years ago; however, the results of the social change that ensued may haunt Brazil for many more years to