Working capital

were neutral against both sides of the party. When explaining communism to his audience in 1880, Marx related it to an agency that offers guidance to individuals to gain more capital, and how to obtain what truly belonged to them which is property. Marx explained, that Communists were in place to create a revolution for working class citizens and to have equal opportunities within wage and property ownership. He advised the proletariats to unite forces with the Communists to liberate each other…

in some way or form still relevant today. Take society as an example. We no longer have ‘social classes’ such as ‘the working class’ or ‘upper class’ however people are still segregated into different sections of society. Until we get rid of capitalism, class structure will always be in existence in one form or another. Therefore Marxism continues to be relevant. The new age working class is much stronger and more structured. It has a louder voice and far more power than it had in the 19th…

rely on factories for their products but deny any responsibility for the terrible living, wages, and working conditions for the people who produce these products (i.e. global capitalism) (Smith, 1). The collapse of Rana Plaza also shed light onto the hidden structure of the global capitalist economy, “revealing the extent to which the capital-labor relation has become a relation between Northern capital and Southern labor” (Smith, 3). He speaks about Foxconn International losing 14 workers to…

Of course, Pateman goes on to tell us why, elaborating on the implict agreement in a social contract which privileges men in society to formulate the social contract; that implicit agreement, that ‘contract-within-the social contract’ (so to speak) is what Pateman calls the sexual contract. It is the unspoken agreement(s) about the place of women in society, as decided by men that Pateman tries to elucidate, much like Mills in discussing racism and the racial contract (implicit in the social…

Social capital plays a key role in nearly every modern American family no matter your nationality, race, or social status. Every person has likely called upon another family member, group, or club to help out in times of need. But how does social capital play a relevant role in the lives of individuals and families? Also, how does being in a lower social class affect someone’s social capital and mobility? To understand the relevance of social capital amongst different classes, we must first…

as a relational category. In the context of the capitalist social economy, the general tendency of relationality that creates the stratification of social class is certainly the irreconcilable relation of production between the capitalist and the working class. This antagonism lead to the existence of the classes cannot be separated one another. The relation of those classes are able to be understood in the wage relation as the fundamental relation of the capitalist mode of production that makes…

the origin of capital and the mode of operation as looking to the future of capital can be quite complicated. He believed that to understand capitalism it must be shown actual developments and actions of the people at that time. He spoke lightly of the future and he refused to “write recipes for the soup kitchens of the future”.(24 CAMST) Thusly, his theory mainly focus on his anlysis of the “laws” ordaining the growth and collapse of capatilism. Marx’s law of “accumulation” of capital ordered…

In Social Theory Re-Wired, Karl Marx explains how humans are different than animals in the sense that humans have the ability to develop a conscious. The reason why consciousness is a crucial theme is because through consciousness, humans begin to realize that they live in a community. “Man consciousness of the necessity of associating with the individuals around him is the beginning of the consciousness that he is living in society at all” (Marx p117). By coming to this conclusion, humans begin…

Capitalism is the dominant economic system of the West by which production is privately owned and income is distributed through free markets. This exists in contrast to many Eastern countries that believe that production of good is best controlled by the state. The idea that the state and not the individual should be the one controlling production comes from the roots of the philosopher Karl Marx. Marx foresaw a world without the use of money, without a modern caste system with class divisions,…

The legalization of marijuana is a prevalent topic that has been in discussion ever since the election of Prime Minister Justin Trudeau. The goal of this essay is to examine the legalization of marijuana from a Marxist perspective, a Durkheimian perspective and finally, from a legal consciousness viewpoint. This paper will be divided into three sections where each theoretical perspective will be summarized and analyzed respectively with evidentiary support from various news articles. Part A:…