Marx s Theory Of Socialism - 987 Words

Karl Marx was a philosopher, economist, sociologist, journalist and revolutionary socialist. Marx defined capital as a social, economic relation between people. In many of his writings, Marx had implied that revolutions within the proletarian society would be inevitable and the proletariat would become the ruling class all over the world (Kreis, S 2000) Marx proposed this theory of revolution based on Hegelian concepts of the dialectic. The philosophical and ideological aims put forward were to bring about his version of socialism, known as communism. During the winter of 1857 Marx produced an outline of his critique of the political economy in an unfinished manuscript called The Grundrisse (Fowkes, B 1997). Marx believed that deficiencies in the economy and social injustices inherent to capitalism would ultimately lead to the breakdown of capitalist societies. He predicted that this breakdown of the capitalist societies would ultimately give rise to communism. For Marx, identifying the fundamental contradictions of the capitalist system of production was the first step in hastening the downfall of what he saw as an unstable, unfair social system. Marx referred to the relationship between the bourgeoisie and the proletariat to one of inevitable conflict, in that the proletariat is systematically exploited under capitalism. Marx believed that labour is the only real source of wealth. Capital itself; land factories, ports, railroads, etc.; represents simply stored labour,Show MoreRelatedModern Political Ideas and Doctrines Essay1670 Words   |  7 PagesModern Political Ideas and Doctrines a) How did Marx conceive the transition from capitalism to communism? Karl Marx is considered to be a historian, a philosopher, a political thinker, and an economist amongst other things. There is a standard misconception that Marx had no idea of economics, by contrast he was quite the economist, and was able to layout the transition of capitalism to communism in a very logical and understanding way. The transition of capitalismRead MoreManifesto Of The Communist Party920 Words   |  4 Pagesdrafted as, â€Å"Manifesto of the Communist Party†, is a pamphlet written by Karl Marx, that in essence reflects an attempt to explain the goals and objectives of Communism, while also explaining the concrete theories about the nature of society in relation to the political ideology. The Communist Manifesto breaks down the relationship of socio-economic classes and specifically identifies the friction between those classes. Karl Marx essentially presents a well analyzed understanding of class struggles andRead MoreDialectical Journal Michael Chang The Communist Manifesto 1422 Words   |  6 Pages Dialectical Journal Michael Chang The Communist Manifesto by. Karl Marx, Friedrich Engels Text Date Response The Manifesto begins with Marx quoting, the history of all hitherto existing society is the history of class struggles. Marx describes these classes as two entities; The bourgeoisie as the rich capitalists, and the proletariats, who were the working class. In societies of past, the oppressor and oppressed are in constant opposition to each other. This fight can be obvious or sublimeRead MoreThe Many Faces Of Socialism1314 Words   |  6 PagesThe Many Faces of Socialism Socialism has worn many faces throughout history, some good and helpful, others harsh and controlling. Socialism has been an important political and economic idea since the early eighteenth century; It has gained popularity from the underlying idea that the government, market, and social systems should benefit the people not large corporations. Socialism is the idea that a state s economy and society should be run democratically and should meet the needs ofRead MoreThe Communist Manifesto By Bertell Ollman953 Words   |  4 PagesAfter reading the Communist Manifesto, I was deeply thinking of how Marxism theory be applied in contemporary society and how much benefit it brings to this developing modern world. What will things be look like after the revolution could be a questions often put to Marxists. But the answers are frequently unclear and vague. Since socialism emerges out of capitalism as a result of a successful struggle against it by the working class, the specific measures introduced by the revolutionary socialistRead MoreThe Communist Manifesto Marx And Engels855 Words   |  4 PagesFor Karl Marx, the analysis of social class, class structures and changes in those structures are key to understanding capitalism and other social systems or modes of production. In the Communist Manifesto Marx and Engels comment that the history of all hitherto existing society is the history of class struggles. Analysis of class divisions and struggles is especially important in developing an understanding of the nature of capitalism. For Marx, classes are defined and structured by the relationsRead MoreKarl Marx And The German Political System1427 Words   |  6 PagesKarl Marx was born on May 5th 1818 in Trier, Germany, which was then known as the Kingdom of Prussia. Karl was a philosopher, economist, sociologist, journalist, and revolutionary socialist. His work in economics laid the basis for much of the current understanding of labor and it’s relation to capital, and subsequent economic thought. He was born into a wealthy upper middle-class family. He attended school at the University of Bonn and later he studied law and philosophy at the University of BerlinRead MoreThe Communist Manifesto And Das Kapital1507 Words   |  7 PagesKarl Marx A German philosopher, economist, journalist and revolutionary scientist, Marx was best known for his work in economics. He laid the foundations for today s theories of labor and capital. The Communist Manifesto and Das Kapital were among the most famous of his published works. Born to a middle-class family in Trier, Prussia in 1818, his parents were Jewish, but converted to Christianity in 1816 due to strict anti- Jewish laws. He was baptized as a Christian at the age of six but laterRead MoreThe Debate Between Capitalism And Socialism1580 Words   |  7 PagesCapitalism and Socialism, it is necessary to understand what the differences, advantages, and disadvantages are of both systems. In the dictionary it states capitalism is an economic and political system in which a country s trade and industry are controlled by private owners for profit, rather than by the state. Socialism is a social and economic system characterized by social ownership of the means of production and co-opera tive management of the economy, as well as a political theory and movementRead MoreSocialism And Its Nature Of Supporting Economic And Social Equality1508 Words   |  7 Pagesthinking is necessary in societal progress, which the socialist ideology highlights and embodies. Socialism is a justifiable and critical ideology because it supports an environment of equality, encourages revolution, and occasionally strives for utopia. The first important aspect of Socialism is its nature of supporting economic and social equality. In order to understand this feature of socialism, one must grasp the importance and benefit of equality to a society. Albert Fried summarizes