Karl Marx and Capitalism

In this paper I will examine how Karl Marx views capitalism and, more specifically, the criticisms he has regarding capitalism. In the first part of the paper I will reconstruct and explain the philosopher’s argument. In the second part of the paper I will offer my critical evaluation where I will demonstrate how these critiques are still appropriate in today’s society by providing examples of how capitalism is affecting the lives of American workers even today. However, I will first explain the definition and structure of capitalism. Capitalism is an economic system that is most common in the United States and much of Western Europe today. It is represented by privatization of companies for production of goods or services for a profit, competitive markets, and wage labor (“Capitalism”). These individual skills were initially developed from skills that grew out of the economic time period known as feudalism and has evolved into individuals who possess certain skills that can demand payment. Although this may seem like it would be an ideal situation for workers and provide a platform to provide a service in return for payment of some sort, it soon became evident that there were people who would use this new system of economics to their advantage. Instead of doing the work themselves, they would find skilled workers to provide the service or product under the umbrella of their organization to which they would market and sell the goods for profit. The business owner would make a profit and, in turn, pay the worker a portion for his services provided. Unfortunately, there were others who were unable to make the system work for them in such an advantageous manner. Karl Marx had two basic criticisms of capitalism – especially in his lifetime of the beginning of the industrial revolution and the formation of factories. His first was the thought that the worker suffered from alienation on several different levels. As a capitalistic society succeeds by

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