Sunday, November 5, 2023

Karl Marx & His Ideology

Overview  

 

Karl Marx was a German philosopher, economist, historian, sociologist, and political theorist who is best known for his influential works, "The Communist Manifesto" and "Das Kapital." His ideology, Marxism, focuses on the class struggle between the working class and the ruling class in capitalist societies. 
 
Marx argued that capitalism creates social inequality, alienation, and exploitation. He believed that these inherent contradictions within capitalism would eventually lead to its downfall and be replaced by a classless society known as communism. In this communist society, the means of production would be collectively owned and controlled by the people, ensuring equality, and eliminating class divisions.
 
Marx also analyzed historical materialism, which suggests that social change is driven by the development of productive forces and conflicts between different social classes. He believed that history progresses through stages, from feudalism to capitalism and eventually communism. 
His work has inspired political movements and revolutions around the world Marx identified the present as a part of history. So, he introduced different economic theories to convince his ideology. 

  • Marx's Methodology  
  • Commodities and Classes 
  • Marx's Labor Theory  
  • Surplus and Exploitations 

In summary, Karl Marx's comprehensive insights into economics, social dynamics, and historical evolution continue to shape the discourse around class struggle, equality, and societal transformation. His theories have resonated across the globe, inspiring both contemplation and action, making his legacy an enduring cornerstone in the study of modern society and its possibilities.


Written By: Ishini De Silva


References: 

Encyclopedia Britannica. (n.d.). Karl Marx. Encyclopedia Britannica. Retrieved August 19, 2023, from https://www.britannica.com/biography/Karl-Marx

Investopedia. (n.d.). Karl Marx. Investopedia. Retrieved August 19, 2023, from https://www.investopedia.com/terms/k/karl-marx.asp

  

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