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Chicago
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Social Sciences
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English (U.S.)
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Philosophy: Marx's Capitalism (Essay Sample)

Instructions:

The general structure of the paper should include an introductory paragraph (a descriptive account of the question to be answered; why is it relevant?); a clear thesis statement (your answer to the question; tell the reader what you are going to attempt to prove in this paper in summary form); the main body of the paper consisting of your arguments and evidence; and a conclusion.
You will be allowed only one conventional Internet encyclopedia or website source for your paper. Analyze all sides of the issue, including arguments that contradict your thesis. Your main focus should be on the rationality of ideas, theories, and evidence, not justifying your personal ideology
must use book as a source:Larry Arnhart, Political Questions: Political Philosophy from Plato to Rawls (2003)
Answer the question:
Explain, using Marx’s main concepts and analysis, why he was convinced that capitalism is both unjust and historically destined to collapse from its internal contradictions? Do you agree with his analysis? Since capitalism is alive and well, why do you think it has survived longer than Marx probably thought it would?

source..
Content:

PHILOSOPHY; MARX’S CAPITALISM
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Marx propounded his economic theory which is referred to as “a Critique of Political Economy” between 1857 and 1867. The theory is a well defined and structured as a logical assortment of original concepts as well as analyses founded on Marx’s opinion of value and surplus-value. Marx considers capitalism as fundamentally distinctive from other production modes. This is mainly so due to market anarchy and partly as a result of capitalist exploitation. Although capitalism is a derivative attribute of market anarchy, it is distinctive by itself. Marx’s writings have attracted the attention of various professionals across the world. His work and life has attracted the attention of trade unionists, social scientists, militants in environmental causes or anti-capitalist as well as many others. Marx was convinced that capitalism is both unjust and historically destined to collapse from its internal contradiction. This analysis has met some criticism from many people and I also don’t agree with his analysis because capitalism is alive and well. This essay is aimed at demonstrating the Marx’s analysis of capitalism as well as the critics of his analysis.
Capitalism refers to an economic system one that is inherently prone to crisis. There are forces that make it unstable, self-destructive and anarchic. Capitalism was of this nature over 150 years ago during the time Karl Marx and his associate Frederick Engels and so is it today. Marx described capitalism as a society which has been involved in conjuring up gigantic ways of achieving production and exchange. In actual sense, the modern world’s wild stock slumps and booms, long term un-employments and recurring layoffs, power blackouts and corporate scandals describe the state of capitalism. Economic crises, depression and recession were part of capitalism during its initiation and despite promises to improve the situation the state of capitalism has remained the same.
Crisis Theory: The Significance
For one to understand Marx’s analysis of capitalism as well as his arguments for the necessity and possibility of evolutionally changes, it is critical to understand the drive behind crisis. Marx argues that presence of poverty or inequality alone is not responsible for making workers reject capitalist system. These challenges have existed in everyday workings in any ‘vibrant’ capitalist economy. Such challenges have direct ideological and social impacts leading to instability, insecurity and ruin associated with economic crises that affects the lives of those people who are working. Marx argued that capitalism dismisses all security and fixity on the side of a laborer through constantly threatening to snatch from him his means of survival making him superfluous. It is evident how the class antagonism vents its anger in the persistent human sacrifices among the working class. This takes place in the most reckless extravagant of labor power as well as in the devastation associated with social anarchy which renders all economic advancements into what is seen as social calamity.
In a nutshell, the presence of crises means that the execution of capitalism system fails to guarantee even the very little amount that goes to the workers. Crises also have some impacts on the fortune of capitalism as well. Crises disintegrates what has been referred by Marx as an operating fraternity belonging to capitalist class and producing determined fight against capitalists as well as the working class. As a result of this, it is evident that economic - crises however minor can result into political instability, ideological perplexity among those in power, intensification of class struggle as well as war. Marx held the notion that crises have such devastating effect...
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