Marxism vs Capitalism

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  • Topic: Marxism, Karl Marx, Capitalism
  • Pages : 4 (1330 words )
  • Download(s) : 226
  • Published : March 8, 2013
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It is indeed a difficult to task, as it has always been, to find a perfect political ideology for any society to base itself on. Brief examples could be that Conservatism lacks social awareness concerning the different class levels; Environmentalism lacks concentration in optimum economic growth and so forth. Although an ideal political system does not exist, in this piece of writing the definition of what Marxism and Elitism are shall be identified. Not to mention, their advantages and disadvantages will also be thoroughly investigated in order to reach a conclusion to prove which of the two political theories suits the real world countries best. First of all, Marxism is a political ideology founded by Karl Marx, a German philosopher, and Friedrich Engels, German-English industrialist, both amongst other things. It is based on both an economic as well as social system, in which the social class struggle is strongly tackled. On the other hand, Capitalism is a system founded on mainly economics. A more suitable definition could be, ““Capitalism,” a term of disparagement coined by socialists in the mid-nineteenth century, is a misnomer for “economic individualism,” which Adam Smith earlier called “the obvious and simple system of natural liberty” (Wealth of Nations). Economic individualism’s basic premise is that the pursuit of self-interest and the right to own private property are morally defensible and legally legitimate.” (Robert, H. (2008). Capitalism . Retrieved from http://www.econlib.org/library/Enc/Capitalism.html). Capitalism is strongly based on a laissez-faire free-market system. Economically speaking, Marxism aims to ensure that the process of production, distribution and exchange lies mainly in the hands of the public, rather than with a small elitist group. It is the exact opposite of Capitalism, and that is what Marx stressed on a lot. Capitalism promotes placing the means of production in the hands of private citizens. He explains how capitalism...
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