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Outline and Assess Karl Marx's Argument That Contradictions of Capitalism Will Eventually Lead to the Destructions of the Social - Essay Example

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Outline and Assess Karl Marx's Argument That Contradictions of Capitalism Will Eventually Lead to the Destructions of the Social

As such, the study will lay a considerable emphasis on the various contradictions of capitalism and how they lead destroy this social formation. In the discussion, the study will outline examples of situations where capitalism has led or leads to its own destruction. Karl Marx believed that prolonged capitalism breeds two key outcomes, which define this social formation. First, capitalism that has existed for long; it leads to the formation of a smaller as well as wealthier social class, which comprises of the capitalists. The increasing wealth in the society continually accrues in this social class, which has the ultimate say in the control of the wealth (Parks 2010, p. 47). Capitalists who may be weak tend to enter in the lower classes of laborers. Secondly, Karl Marx argued that prolonged capitalism leads to the alienation of the employees (workers). Marx held that workers produce significant wealth; therefore, they tend to become weak to the extent that they may become commodities. In his arguments on capitalism, Karl Marx argued that this social system eventually eliminates itself. According to Marx, overproduction leads to a fall in profits, economic crisis and widespread exploitation of the workers. Consequently, the workers become intolerable of the prevailing exploitative conditions in a capitalistic society. ...
As a result, people tend to gain more education and ideals that enable them to develop ideologies of anti-capitalism. Marx theorized that the educated would engage in voting with an aim of establishing liberal welfare states (Parks 2010, p. 49). This would lead to the enactment of regulations that contribute to the destruction of capitalism. In their struggle to fight for their rights, the educated would eventually the social system known as capitalism. Thus, capitalism can be argued to breed the seeds of its destruction. Marx also argued that capitalism would lead to its own destruction since this system needs growth. To Marx, a system that requires may not be able to survive in a planet, which tends to be regulated by social, as well as ecological limits. As such, capitalism cannot be regarded as a system that can sustain itself. Eventually, the system runs up against the social and ecological limits; this makes the system dysfunctional (Giddens 1971, p. 37). As a social formation, capitalism does not meet the basic human needs while respecting the needs of the environment. Thus, the system does not promote development. As people see the need to come up with a system that respects both the human needs and promotes the environmental wellbeing, the continuation of capitalism is threatened. Marx asserted that numerous contradictions may be witnessed in a capitalist society; the social problems in a capitalistic society often lead to the prevention of a stable economy as well as harmony. Marx made an assumption that the competitive nature of capitalism would lead to the concentration of capital in only a few individuals. Marx attributed this assumption to the laissez ...Show more
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Name: Tutor: Course: Date: University: Outline and assess Karl Marx's argument that contradictions of capitalism will eventually lead to the destruction of this social formation. This study seeks to explore the arguments of Karl Marx on capitalism, its features, and the evils associated with this form of society…
Outline and Assess Karl Marxs Argument That Contradictions of Capitalism Will Eventually Lead to the Destructions of the Social
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