Last updated: November 17, 2019
Views of Karl Marx on Capitalism
- The views of Karl Marx on Capitalism is can be categorized into two types:
- Class conflict
- Surplus value
(1) Class Conflict: –
- The class conflict consisting of modern societies:
- Modern Society is divided into two types:
- Rich’s are considered as Haves
- Poor’s are considered as Haves not
- The Rich’s have means of production
- The Poor’s have no Means of production so they are dependent on Rich’s
- So, Due to have Means of production on Rich’s, they have the dominance on poor’s
- Poor’s get exploited by the Rich’s so they have limited expenditures
- This causes an idea of Revolutionary on the mind of Poor’s
- Then the Revolution takes place
- The ownership of Means of production is in the hand of Government/ Ploraitarian
- This causes social welfare among all
- And finally, Equality comes.
(2) Surplus Value: –
- This can be categorized into two parts:
- The capital ones have the means of production.
- The poor works under them as labor.
- The production takes place.
- cost – interpreters
- cost utilized – poor
- Material aspects of life determine human consciousness and consciousness determines the material life.
- According to Karl Marx:
- He categorized the society on the basis of mode of production into five categories which are as follows:
- Asiatic mode of production
- Ancient mode of production
- The feudal mode of production
- Capitalistic mode of production
- Social communism mode of production
According to Karl Marx:
- Change in social, political and cultural structure due to change is an indicator of development.
- There are three things in this definition which are as follows:
- Process of development
- Main causes and factors of development
- Structural change in all society
- Karl Marx maintains that economic activity and economic structure is the basis on which social life rises.
- The economic base or infrastructure comprises a certain mode of production and certain forces and relations of production.
- Karl Marx and Hegel’s outline certain stage of world history.
- Each characterized by a distinctive economic formation.
In a german ideology, Karl Marx + Engels (1938 ) broadly outlines the four stages of history:
- The primitive communal stage
- The ancient stage based on slavery
- The feudal stage
- The capitalist stage
- The history of human history in terms of stages each with its own distinct mode of production forms the Marxian theory of historical materialism.
- The stage of Capitalism according to the Marxist interpretation of history is a natural outline comes of contradiction within the feudal system.
- The point that must be stressed is that Marx views on Capitalism from a historical perspective.
- He doesn’t consider individual members of society as the focus of his theory.
- He speaks in the term of the whole society to him Capitalism is a stage in the development of human society.
- The contradiction in its capitalist society while setting the stage for the development of Marx’s Society.
- The communist society will be free of the contradiction tension of the earlier stage.
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Views of Karl Marx on Capitalism Karl Marx’s Views: Capitalism Class conflict Surplus-value Rich-Poor Haves not The mode of production Means of production Dependency on rich class Exploitation of poor people Limited expenditure on poor people Revolutionary ideas Revolution MOP Ownership of government Social welfare Equality among all Capital Production Cost Cost-utilize Entrepreneur Conclusion