Does Marx's Account of Alienation Condemn Free Market Economies?

Does Marx
Masters
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Philosophy
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Karl Marx (1818-1883) is regarded as one of the greatest philosophers the world has ever produced. By dint of his innate talent, profound intellect and strife for winning equal rights and privileges for all the humans at large, he has rightly been stated as the Father of Socialism…

Introduction

Being a great torch-bearer of justice and egalitarianism, he looks for identical distribution of wealth, resources and opportunities for the individuals belonging to divergent ethno-racial groups, communities and socioeconomic statuses of social establishment. Consequently, he appears to be determined to launch a crusade against the existing injustices for the individual and collective wellbeing of humanity without any discrimination on the foundations of caste, class, community, region, religion and gender. It is therefore his entire work revolves round the condemnation of capitalistic (or free market) economic system, which maintains unabated perils of exploitation of the proletariat or haves-not at the hands of bourgeoisie or haves in its horrible fold. Marx’s famous theory of alienation is viewed to be the profound critique of free market economy, which would not allow the workers any share in the surplus value of the organisation in which they are rendering their services. Since free market economy, Moseley observes, does not admit the very reality that surplus-value is produced by the surplus labour of workers, thus workers become prey to exploitation in capitalism (2001: 2). ...
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