The United States as we know it today is a far cry from the vision the Founding Fathers had in mind at the end of the 18th century. Upon declaring independence from the British Empire America was to become a nation of free people with a minimal government whose purpose was to protect violations of person or property. . . . → Read More: Governing with the consent of the governed?
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Brian Leach posted this in Constitution on May 15th, 2010
Marx asserted that the capitalist exploits workers because the worker is never paid the full value of goods produced. Capitalism allows the business-owner to claim a profit on goods sold minus the costs of labor, etc. Marx viewed this as exploitation of the working class (the proletariat) who isn’t paid the full value of labor put forth to produce goods sold on the market. Marx believed the ruling class, the bourgeoisie, kept the working class perpetually, from generation to generation, from improving their lot in life. The bourgeoisie, on the other hand, is by birthright the landowner and business owner whose status alone keeps the working class from ever entering entrepreneurship. This is obviously untrue. In fact, it is the state that acts to prevent totally free markets (true capitalism) from taking place. It is the government that seizes property as it sees fit to benefit the governors at the expense of the governed. Continue reading Marx never understood capitalism |
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There are many misconceptions in the theories of Karl Marx – too many to cover in a single article. I’d like to mention one of them today – the fact that Marx never understood capitalism when he came up with his economic theories.