Sample Essay on:
Does Marx's Characterization of Capitalism Hold True Today?

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This 3 page paper examines Marx's ideas and examines them in the context of today's world. Examples are provided. The paper argues that Marx's ideas about capitalism do not hold true today. Bibliography lists 6 sources.

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3 pages (~225 words per page)

File: RT13_SA820M.rtf

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Unformatted sample text from the term paper:

the complaining are ordinary economic cycles that are exploited by media. Indeed, it seems to be the case that capitalism has been good for society. That said, Karl Marx had a point when he talked about the evils of capitalism, greed and alienation. For Marx, capitalism exploits workers. Marx (2005) explains that the worker experiences a loss of reality as he or she is objectified and also becomes the object of a kind of slave labor. In the end, the worker becomes alienated. This is what ensues when the capitalists own the means of production. Although it is true that Marx was against capitalism, he never rejected the model entirely. He just preferred his model of communism (Marx & Engels, 1998). In fact, Marx saw capitalism as necessary to an extent. ONeill (2007) remarks: "I ...find myself shaking my head in violent disagreement whenever I hear so-called radicals put the boot into capitalism. They seem to loathe the very parts of the capitalist system that Marx quite liked." Marx did not completely discard capitalism as a positive entity. He merely saw it as a stepping stone to better things. Under the paradigm of historical materialism, a theory that assumes progress in human history, it claims that particular parts of history will ensue and ultimately culminate in a state of communism (McLeish, 1993). Hence, after capitalism and socialism will be communism, but capitalism do sow the seeds of this progression. Capitalism is what is necessary to create wealth. In fact, the communist models implemented in the world failed arguably because the dictators did not take the steps to first create enough capital. Marxs utopia is admirable, but he neglects one thing, which is human nature. People are energized by a capitalist economy. Sharing and not aspiring to anything ...

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