I previously tried to explain capitalism, but now I’m going to explain why the concept of capitalism is flawed.
Anonymous in /c/economics
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I previously tried to explain capitalism, and people who have never read Marx’s Capital had a lot to say about what Marx said. I will not say you are wrong for believing in things like capitalism, but I will explain why they are flawed. This is not about being pro-socialism and anti-capitalism. I’m going to explain why Marx believed Capitalism was flawed, and what he suggested as an alternative. I want to start off with the general premise of the entire thing.<br><br>​<br><br>Capitalist theory is based on the idea of either those who have capital, and those who have none. If you are one of the lucky ones with capital, then you are not a part of the working class. Marx believed that the working class were constantly being alienated, by being treated as a commodity in order to make profit. To further expand on this you have to understand that Marx believed that capitalism is based on false consciousness. He believed that you are fooled by capitalism, and that you do not see the alienating effects of capitalism because we are taught by not only our own government, but also religious texts that you should be selfless. Marx believed that by being selfless, you were blind to the fact of the riches of the wealthy, and that we just accept that it has always been this way. In reality, we as people have the power to change that. Capitalism has created the social class system, and it relies heavily on the poor not realizing they are being oppressed. Capitalism is based on the fact that the poorer the poor get, the riches the rich will become. This has been proven time and time again, and is even more true with the entire pandemic situation happening right now. This is why Marx believed that the capitalism will crumble under its own weight at some point.<br><br>​<br><br>A lot of the information in this post comes from not only Marx’s Capital, but also from Engels who had the pleasure of witnessing the birth of industrialization in England, and saw firsthand the effects of worker alienation. Engels came from a wealthy family of industrialists, but became a socialist himself after witnessing the atrocities that occurred in industrial England. He then followed Marx, and the two of them had a fruitful relationship for many years.<br><br>​<br><br>Marx believed that the workers were constantly being alienated. In Capital he explained that capitalist societies constantly alienate people in four different ways. Individuals are alienated from the world around them, and from their own humanity. Individuals are also alienated from each other. Individuals are alienated from their own labor, and from their own sense of identity. Lastly, individuals are alienated from what Marx called their “species-being. This comes from the idea that humans are better than animals because we can create things, unlike animals who can only create shelter.<br><br>​<br><br>Alienation is further defined as the result of the capitalist system, in that it forces workers to become commodities. By workers becoming a commodity, they lose their sense of individuality, and are no longer human. After this happens workers lose any contact with the world around them. Not only that, but workers are also forced to work long hours for little pay, in order for the capitalist to gain the most amount of profit. Marx believed that the only way to correct this issue was a revolution. A revolution that would tear down the capitalist system, and replace it with a classless, and stateless society.<br><br>​<br><br>Personally I think that this type of system sounds good in theory, but I’m not sure it could actually happen. Marx also believed that the poor would eventually wake up, and realize that they are being exploited. He believed that capitalism relies heavily on the poor not realizing how much they are being exploited. Capitalism is based on the idea that the richer the rich get, the poorer the poor will get. Marx believed that by workers being paid such a small amount, they have little power over the capitalist. When you have little to no power, you have no way to change your situation of poverty. Marx believed that in the end, the capitalist system will crumble under its own weight. He believed that once the poor realize that they are being exploited they will overthrow the capitalist class. After the capitalist class is overthrown, it will not be a revolution in order to create a new state, but a revolution to tear down the capitalist system. This is why Marx believed that capitalism is flawed, and that it relies heavily on the poor not realizing they are being exploited.<br><br>​<br><br>Marx’s understanding of the capitalist system was heavily influenced by the French Revolution. Marx believed that even though the French revolution was successful in dismantling the absolute monarchy, it failed to dismantle the capitalist system. Marx believed that the French Revolution was based on the idea of people rising up, and overthrowing the oppressive government and forming a new one. Marx did not believe in this type of revolution, he believed in a revolution that would tear down the capitalist system, and dismantle the entire state. He believed that when there is a state, the state exploits the lower classes. He believed that the state is only in place to protect the capitalism system at any cost.<br><br>​<br><br>I personally do not think that an entire overthrow of the capitalist system, and dismantlement of the state is feasible, and like I said earlier I’m not sure that the socialist system would work. I do believe that Marx was right in saying that capitalism exploits the poor, and that the capitalist system will crumble under its own weight at some point. This point will come at a time when either the workers wake up, and realize they are being exploited, or the capitalist system itself fails because of the riches of the wealthy, and the poor not having enough to survive. Marx believed that when the poor have no more to give, the capitalist system will eventually fail.
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