Philosophy: Marx's Capitalism

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...