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marx s theory of capitalism

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... domination of particular concepts. (For example loyalty was a dominant quality during aristocratic era). He further opines that ‘revolutionary ideas presuppose revolutionary class’. This makes it clear that mental productions are not totally bound by material productions. (Revolutionary thoughts preceded revolutionary class). When we trace this argument to its origin we arrive at the logical conclusion that revolutionary ideas had their origin in the aristocratic era. Marx basic philosophy is that all the changes and the conflicts that arise out of the changes result in a physical outcome in the form of a revolution.

In the article Marx expresses his strong anti capitalist opinion by his concept of alienation. He says that capitalism will confine the worker to mere material force and will result in the total subjugation of the mental development and expression (mental force) and hence he calls for a total abolition of the ‘division of labor’. Marx views of the capitalist society and his ideas of alienation seem to be a little farfetched and do not fit into the present day society. Marxist economic theory seems to be erroneous on many counts. Many of his predictions have been proved wrong over the years in capitalist countries. For example his notion that in a capitalist society workers would ...

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