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An Evaluation of Karl Marxs Idea of Capitalism

An Evaluation of Karl Marx's Idea of Capitalism

Project / Seminar Material
Reference ID: PS-6619-TM

DEDICATION

This research material titled “An Evaluation of Karl Marx's Idea of Capitalism” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Philosophy, Book Authors and Profound Scholars of existing or related project material on “An Evaluation of Karl Marx's Idea of Capitalism” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

An Evaluation of Karl Marx’s Idea of Capitalism

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE:

  • Introduction
  • 1.1 Background of Study
  • 1.2 Statement of the Problem
  • 1.3 Scope of the Study
  • 1.4 Purpose of the Study
  • 1.5 Significance of the Study
  • 1.6 Methodology
  • 1.7 Literature Review
  • Endnotes

CHAPTER TWO:

  • Karl Marx’s Biography And Conceptual Clarification Of Capitalism
  • 2.1.1 Life and Works of Karl Marx
  • 2.1.2 Influence on Karl Marx Political Thought
  • 2.2.1 An Over-View of Capitalism
  • 2.2.2 Fundamental Features of Capitalism
  • Endnotes

CHAPTER THREE:

  • Karl Marx Conception Of Capitalism
  • 3.1 Historical Materialism of Karl Marx
  • 3.2 Dialectical Materialism of Karl Marx
  • 3.3 Analysis of Capitalism in Marx’s Political Thought
  • 3.4 Fundamental Bases of Marx’s Critique of Capitalism
  • 3.4.1 Exploitation
  • 3.4.2 Expropriation
  • 3.4.3 Alienation
  • 3.5 Revolution and the Ideal Marxian State
  • 3.6 Substructures and Superstructure
  • Endnotes

CHAPTER FOUR:

  • Critical Evaluation
  • 4.1 Critical Evaluation of Marx’s Idea of Capitalism
  • 4.2 Conclusion
  • Endnotes
  • BIBLIOGRAPHY

ABSTRACT

The history of man shows that people came together at a point in time to form society. The reason for this is for human beings to have a peaceful co-existence, society therefore is a human creation.

How can a society be adjudged as just? These are question yearning for answers and a great concern for political philosophers. The idea of capitalism has it’s origin in the west and it is highly practiced in the Euro-American world.

Capitalism as a principle in a society spread like wild fire that today it is practiced all around the world. On the face value capitalism appears to be nonconsequential as it seems to bring about rapid growth and development in society. But Karl Marx, who is regarded as the father of socialism vehemently, rejects capitalism in all its ramification. For him, capitalism can only be described as exploitative. It is in this light that this study shall evaluate Marx’s idea of capitalism with a view to addressing the above question.

An Evaluation of Karl Marx’s Idea of Capitalism

CHAPTER ONE

Introduction

1.0 Background Of Study

Capitalism is an advancement of feudalism. Some basic contradiction or flaws in this system of capitalism, is one that generate and depends on social inequality. What makes capitalism unique is not it’s industrial technology but the very way it organizes interpersonal relations in the work organization.

It is note worthy that the system of capitalism has to do basically with exploitation and alienation and in this sense, Marx held that when the worker’s income, wealth, prestige and power are not equal to those of the owner’s of the means of production then the relationship between the workers and owners of means of production becomes one of exploitation.

Alienation is another great tool of capitalism, were Marx argued that the social interaction between worker’s and owner’s in the organization is alienating, workers are dehumanized and the concept refers both to social situation which people find themselves (alienating work situation) and the perceptions of individuals in those situations (a feeling of being less human).

1.1 STATEMENT OF THE PROBLEM

The problematic of capitalism lies in its exploitative tendency. What is crucial in this regard is to outline the problems raised by Marx about capitalism in an attempt to do away with the system of capitalism. As listed in the background above, exploitation and alienation are basically what capitalism constitute of. However, with these problem of capitalism Marx sought to proffer a salutation through the form of a revolution.

The problematic here is how to achieve a classless society and have the commonwealth in common. This problem posses great challenge especially in the experimentation of socialism and communism. Another problematic is, can socialism truly be a state of classlessness. In other words we are faced with the problem of removing the divide between the have’s and the have not. Another problem to be looked at critically is that of revolution, will it lead to progress or retrogression.

1.2 Scope Of The Study

This essay discusses capitalism in reference to Karl Marx, not withstanding it will also discuss this concept from the perspective of general conception of capitalism. However, it shall also applaud as well as criticize Karl Marx concept of capitalism.

1.3 Purpose Of The Study

The purpose of this study is to highlight the conceptualization of capitalism of Karl Marx with the view of showing that the postulation of socialism may not necessarily bring an end to class distinction. In other words this study aim at showing that socialism and communism could be a worse socio-economic and political agreement compare to capitalism.

1.4 Significance Of The Study

In line with the purpose of this study, the significance of the study will show that we can not remove capitalism from socio-economic development and growth. Again it will help economic planners and leaders to decide and initiate economic policy that will lead to the growth of the nation’s economy for the benefit of every individual rather than some. In line with the above, the study will serve as a call for government to regulate the practices of capitalism where it has being adopted such that worker’s right are protected. Lastly, the study will serve as an intellectual contribution to the improvement of capitalist and socialist economy in such a way that a synthesis can be reached.

1.5 Methodology

This essay adopts both analytical and critical methods. At the initial stage it shall outline in details the position of Karl Marx on the issue of capitalism as well as his profound solution to the annihilation of capitalism. Progressively it shall criticize Karl Marx’s conception of capitalism.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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