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Does Marx's Account of Alienation Condemn Free Market Economies - Essay Example

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Does Marx's Account of Alienation Condemn Free Market Economies

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). In addition, Marxism vehemently criticises such a political scheme that looks for projecting and promoting the exploitative economic system (i.e. capitalism) through the statutes of law had been in vogue in major part of his contemporary industrial states of Europe. Marx believes, Zimmerman observes, that laws are the product of class oppression, which would have to get eliminated or revised as long as communism replaces the free market system ultimately (2009: 96). One of the most imperative reasons behind Marxism’s repudiation to give way to free market economy includes its being beneficial for only the rich stratum of society. Capitalistic economic system is exclusively advantageous for the producers, mill owners and elite stratum; for it bestows worthwhile privileges upon the elite by letting them take the lion’s share in the profit of an industrial unit on the basis of the investment they have made. The free market, Sayers notes, operates as an alien system with a life of its own. It is an uncontrollable and inherently unstable mechanism. It leads to periodic crises in which huge numbers of people are thrown out of work and useful means of production are wantonly destroyed (2008:1-2). On the other hand, the workers obtain very little amount of money as remuneration against their hard toil they make from dawn to dusk in the industrial units. In other words, free market economy deprives the workers of their right and share in the surplus profit the organisation has earned. Since the workers are not in a position to obtain anything sufficient to keep the wolf from the door, it results into the decline of their interest in work and work place as well. As a result, the gulf between the rich and the poor starts expanding, which touches the dangerous end subsequently. The clash of interests between the producers and workers turns out to be challenging for the very peace and harmony of society in general. As a result, conflict arises between different strata of society, during the course of which the workers are in a position to snatch their right from the possession of the upper stratum by establishing socialistic political and economic system in society. The division between classes, Rummel observes, starts widening, and the condition of the exploited worker deteriorates so adversely that entire social structure collapses. ...Show more

Summary

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…
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