Question

In: Economics

According to Marx, how is it that capitalism lays the foundation for a more egalitarian society?

According to Marx, how is it that capitalism lays the foundation for a more egalitarian society?

Solutions

Expert Solution

Answer: According to Karl Marx, Capitalism plays a vital role in the development of the society which have equal rights and no discrimination on the basis of Income, race or religion.

  • Modern industry have been developed in the world market has given wider scope to trade and business. Free trade has been arise from the industrial sector. Maximum utilisation of resources resulted in generation of income for all part of the society.
  • Wider coverage area of the industry.Raw material are not drawn from particular area but it can be drawn from all over the world.
  • Narrow mindness related to trade has been abolished by capitalist.
  • Main focus on intellectual production.
  • Capitalist brings man and machinery together through application of industry and agriculture as well as usage of new and advanced technology.
  • Marx said that capitalist created the value of money among individuals in the society.
  • Theory of value , wages and surplus has been created at there maximum. Value of there proportion to quality of human labour.
  • Workers received wages which are more than income generated from the commodity production.
  • As per capitalist labour is treated as cost of production.
  • Small manufacturer , presents and artistions become self conscious and independent. They abolished old system of dictorship and want to free from all rituals.

At last , capitalist brings an overall change in the society. They provide freedom to the society and abolished discrimination among people which resulted in egalitarian society.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

According to Marx, how is it that capitalism lays the foundation for a more egalitarian society?
According to Marx, how is it that capitalism lays the foundation for a more egalitarian society?
Why and how capitalism creates monopolization according to Marx?
Why and how capitalism creates monopolization according to Marx?
The Laws of Motion for Capitalism According to Marx, prior to the development of capitalism, the...
The Laws of Motion for Capitalism According to Marx, prior to the development of capitalism, the circulation of the commodity could be represented by C-M-C. However, in the capitalist system the circulation can be represented by M-C-M. a) Explain in your own words what he means with this argument. b) Provide an example where you have observed M-C-M in the Canadian Economy. c) Provide an example where you have observed C--M-C in the Canadian Economy
Karl Polanyi and Karl Marx both argue that capitalism (or what Polanyi calls market society) is...
Karl Polanyi and Karl Marx both argue that capitalism (or what Polanyi calls market society) is a distinctive economic system that is dramatically different from the economic systems that preceded it. Explain how both of these thinkers understand the distinctive nature of capitalism as opposed to other systems. Try to identify the similarities and differences in their thinking(hint: Marx is more damning in his critique than Polanyi).
How does Marx use the labor theory of value to critique capitalism?
How does Marx use the labor theory of value to critique capitalism?
According to Adam Smith “The Theory of Capitalism" ，explain why it is important for our society...
According to Adam Smith “The Theory of Capitalism" ，explain why it is important for our society to make the economic playing field more "level" according to the theory of competition ？
Discuss the debate between Marx and Weber over capitalism. Which of the two views makes more...
Discuss the debate between Marx and Weber over capitalism. Which of the two views makes more sense: Marx’s contention that capitalism, coming first, changed traditional ways of thinking; or Weber’s assertion that Protestantism, coming first, introduced new ways of thinking that opened the door for capitalism? (2 paragraphs) Consider the broader implications of the debate between Marx and Weber. Do a society’s values determine its economic system, or does its economic system produce its values? Give a specific example in...
4. Karl Marx was an advocate for change to socialism, but Marx also believed that capitalism...
4. Karl Marx was an advocate for change to socialism, but Marx also believed that capitalism would inevitably fail on its own, creating socialism inevitably. A, B. Separately answering as parts A and B, give and explain two attributes of capitalism that Marx believed would cause capitalism to collapse on its own. C. According to Marx, what is the difference between socialism and communism? D. How did Marx think that a nation would make the change from socialism into communism.
=How would David Harvey, drawing on Marx, explain the history of capitalism in terms of the...
=How would David Harvey, drawing on Marx, explain the history of capitalism in terms of the spatial fix? Be sure to use appropriate Marxian terminology. How might you critique this history of capitalism by taking a more intersectional approach?
According to Marx, what is the difference between socialism and communism? How did Marx think that...
According to Marx, what is the difference between socialism and communism? How did Marx think that a nation would make the change from socialism into communism.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT