StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Is Marxs analysis of capitalism still valid today - Essay Example

Cite this document
Summary
He emphasized the importance of communism and discouraged capitalism as it had adverse effects on the economy in the future. Marx’s ideologies were fabricated…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Is Marxs analysis of capitalism still valid today
Read Text Preview

Extract of sample "Is Marxs analysis of capitalism still valid today"

Download file to see previous pages

These among other economic predictions are some of the reasons that supplement Marx’s relevance in the present time. The ideology of the social structures and economic interests dictate the political movements and intellectual conceptions of the people. This fact is evident in many circumstances in the present day. The political parties nowadays are controlled by the association of certain members of the public with clear and similar goals. These parties with a particular member associations define the economic state of the nation considering the people they represent.

Marx developed this theory in 1840 so as to explain the different systems of royalism that France had that were affecting the social structure. In Marx’s view, he claimed that the economic interests revolved around the social groups (Schumpeter 2013, p. 20). Politically, it is possible to rise to power through reaching out to these groups and changing the economic status of a nation will certainly affect these groups. In the last presidential elections of the united states of America the tea party which supported the candidate mitt Romney was formed as a result of being fed up from the taxes of the Obama administration.

The tea party started as a social group that were of the opinion they were being taxed more than the usual and the fruits of their taxes were not being experienced. This led to an association of people who wanted to change their financial status, through the changing of the political setup to attain the economic interests of the members (Sperber 2013 ). This is an example of the current events that are applicable to the theories that Marx put out in assessing the leadership of a place relative to the economic status of the region.

The labor theory of value is also a Marx ideology which tends to describe the pricing of a commodity in relation to the cost of labor induced in production. A commodity

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Is Marxs analysis of capitalism still valid today Essay”, n.d.)
Is Marxs analysis of capitalism still valid today Essay. Retrieved from https://studentshare.org/social-science/1685789-is-marxs-analysis-of-capitalism-still-valid-today
(Is Marxs Analysis of Capitalism Still Valid Today Essay)
Is Marxs Analysis of Capitalism Still Valid Today Essay. https://studentshare.org/social-science/1685789-is-marxs-analysis-of-capitalism-still-valid-today.
“Is Marxs Analysis of Capitalism Still Valid Today Essay”, n.d. https://studentshare.org/social-science/1685789-is-marxs-analysis-of-capitalism-still-valid-today.
  • Cited: 0 times

CHECK THESE SAMPLES OF Is Marxs analysis of capitalism still valid today

Marxist Themes and the Loss of Humanity in Kafka's The Metamorphosis

It is a story about the negative effects of capitalism.... A Marxist interpretation may also be inferred from the dehumanizing effect of capitalism and industrial-era labor.... These topics are as important in today's world as they were in 1912 when the story was written.... Loss of identity in the industrial worker is one of the key elements of Marxist ideology on capitalism....
5 Pages (1250 words) Research Paper

Argumentation Based on Marx's Communist Manifesto

However, the influence of capitalism has been on the decline and is ceasing to be compatible with this exploitive relationship.... This essay reveals a reflective analysis of the ideas depicted in Karl Marx's work "The Communist Manifesto".... The writer of the essay claims that the issues addressed are still relevant in society today.... The manifesto argument is that this development is unstoppable, and capitalism will inherently collapse....
7 Pages (1750 words) Essay

The Marginal Productivity Theory of Distribution

This paper argues that the marginal productivity theory of distribution is valid, and, on certain highly limited assumptions, bears relevance to micro-economic problems such decisions of individual firms with regard to employment of factors of production.... Other economists have rebuffed this ethical claim but have perceived the MPTD as a valid demand-side criterion, which forms the basis of determining equilibrium and efficiency (Blaug, 1996).... Clark's marginal productivity theory can be considered to be a rebuttal to Marx's assertion that competitive capitalism methodically robs workers their labour since the workers contributes more to the total product relative to the wages that they receive....
10 Pages (2500 words) Term Paper

The effect the Hawthorne Studies has had on contemporary management

Similarly, today, companies consider management as an important factor that highly influences the performance of the company.... Managers today can learn and apply the principles in Hawthorne studies to their management practices with respect to their specific environments, in order to achieve similar outcomes (Sonnenfeld 1985).... According to Muldoon (2012), some of the most important management aspects that managers today can learn from the Hawthorne studies include some aspects of scientific management, organizational behavior, and the quantitative approach....
9 Pages (2250 words) Essay

The Process of Industrialization

These theorists still have a problem with the system of land ownership and mercantilism in pre-industrial Britain.... They believed that capitalism was an unjust system in which controllers of capital took advantage of the masses for economic gain.... (Name) (Professor) (Course) 8 November 2013 Industrialization and its effects on worker's living conditions Introduction Economists and historians alike agree that industrialization paved the way for the modern age....
13 Pages (3250 words) Research Paper

The Relevance of Social Media from a Neo-Marxist Perspective

The framework for this theory on the media is rooted in the Marxist analysis of class society.... Karl Marx may no longer be around today to witness an interesting cultural phenomenon brought about by the latest developments in information technology.... Mao is no longer around too but his valuable contribution to the new Left, which influenced neo-Marxists today, regarding the importance of culture in introducing social change remains valid....
11 Pages (2750 words) Essay

Keynes, Malthus and Karl Marx on Says Law of Markets

today the law is taught is a fallacy of classical economics.... Economist Jean Baptiste Say of France propounded his Law of Markets in his book "Traite'd'Economie Politique" published in 1803.... This law is explained in Book I, chapter XV, "Of the Demand or Market for Products....
10 Pages (2500 words) Essay

Capitalism and the Revolution Required to Overcome It

The specific doctrines of capitalism comprise of wage labor and property rights, and… Capitalism is highly associated with the growth of an economy, since the price and production processes are influenced by the market other than the government.... today, it capitalism has emerged as one of the major economic systems that drives the most advanced nations.... However, it is still the most dominant force in developed economies today (Capitalism magazine)....
10 Pages (2500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us