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8 pages in length. The Prologue to Joseph A. Schumpeter's "Capitalism, Socialism And Democracy" illustrates the social ills that have impacted the world. Through his insightful account, Schumpeter addresses such critical components as Marxist theory, monopolistic practices and history's overwhelming attempts to incorporate capitalism into a democratic society – two elements that have long been in opposition. The writer discusses chapters 2, 3, 5, 6, 8 and 10. No additional sources cited.
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8 pages (~225 words per page)
File: LM1_TLCschum.doc
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components as Marxist theory, monopolistic practices and historys overwhelming attempts to incorporate capitalism into a democratic society - two elements that have long been in opposition. CHAPTER 2: MARX
THE SOCIALIST Marxist theory speaks directly to the nature of society; with limited interpretation, the reader is able to understand the connection between
Marxist class theories and societys struggle for existence. His view of a perfect society was one that embraced democracy, however, his dealings with the Soviet Union proved anything but
that as what actually occurred. Marx held on fast to his vision of what society meant in the overall scheme, even when Russia began to emit rumblings of a
revolution; it was at this particular point that the sociologist fortified his views on the nature of society by surmising that such a socialist revolution would likely exist in a
capitalist country (Schumpeter PG). CHAPTER 3: MARX THE ECONOMIST Because society is fundamentally based upon performance and profit, it is not unusual
to find that sociologists primarily believe that this facet works as an opposing force rather than one that works for the people. Based upon Marxist theories of productivity, one
would not be the least bit shocked to learn that many contemporary societies still reflect incredible amounts of poverty, disease and homelessness in spite of the fact that their resources
are fully capable of feeding, clothing, housing, educating and medicinally caring for their suffering masses. Marx believed that capitalism would be responsible for the utter and complete destruction of
the nuclear family, implying that women would suffer the most from its inclusion. His contention was that the working class central role in the political movement would ultimately prove
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