Explain Karl Marx views on the Capitalist society. (3 marks)
Dear Student,
Karl Marx saw capitalism as a progressive historical stage that would eventually stagnate due to internal contradictions and be followed by socialism. Marxists define capital as “a social, economic relation” between people (rather than between people and things).Marx wrote that the power relationships between capitalists and workers were inherently exploitative and would inevitably create class conflict. He believed that this conflict would ultimately lead to a revolution in which the working class would overthrow the capitalist class and seize control of the economy.Marx condemned capitalism as a system that alienates the masses. His reasoning was as follows:
1. Although workers produce things for the market, market forces, not workers, control things.
2.People are required to work for capitalists who have full control over the means of production and maintain power in the workplace.
Regards
Karl Marx saw capitalism as a progressive historical stage that would eventually stagnate due to internal contradictions and be followed by socialism. Marxists define capital as “a social, economic relation” between people (rather than between people and things).Marx wrote that the power relationships between capitalists and workers were inherently exploitative and would inevitably create class conflict. He believed that this conflict would ultimately lead to a revolution in which the working class would overthrow the capitalist class and seize control of the economy.Marx condemned capitalism as a system that alienates the masses. His reasoning was as follows:
1. Although workers produce things for the market, market forces, not workers, control things.
2.People are required to work for capitalists who have full control over the means of production and maintain power in the workplace.
Regards