Marx s Views On Capitalism - 1320 Words

Capitalism was believed to be the answer to achieve an ideal society. Necessary for means to grow as a society, a community, a population. This system was utilized to create technological advancements, build networking, ensure equal rights for all owners, and improve the quality life. This was deemed to be done through competition. Competition that consisted of individuals striving to be better than the other. This left individuals with no choice but to compete with their neighbors, friends, and family. Capitalism was supposedly believed to be virtuous for all, bringing the individual closer to self actualization. However, as Karl Marx predicted, this system was, and still is, too good to be true. Frederick Engels analyzed Marx’s work and†¦show more content†¦The economic base of society is significant as it shapes the superstructure of society. Capitalism is an unethical economic system that ultimately results to failure in blame of it’s contradictions. The opposition of claims or facts made within a certain situation is otherwise known to be a contradiction. An analogy representing a contradiction is something being black and white at the same time, as opposed to being grey. This generates a great deal of confusion to many. Capitalism is consisted of bounteous contradictions, making it subsequent to disruption. In the foreground, the fundamental contradiction of capitalism is ultimately between the opposing forces of social production and capitalist appropriation of productions. Products are produced through social relations, in large workshops and manufactories. A number of people are needed to create the whole of the product. As well, each person has an assigned task to complete with the use of the owner’s instruments of labour. In addition, the proletariat in return receive minimum wages. As a result of the instruments of labour belonging to the owner, the goods produced belong to the proprietor as well. The contradiction is entirely illogical, as social means are expended to generate production, albeit the commodity belongs to the individual capitalist, also known as the bourgeoisie. Equally significant, this system creates inequality as the workers receive low income wages, while