Tuesday, September 18, 2007

Why will capitalism fall?

According to Marx and Engles capitalism will fall due to the simple fact that rich upper class business owners plan on getting richer. By doing this they plan on investing their money in newer innovations that will help make and save more money on labor. The idea is tha the bourgeois spends more money on technology and other means in order to save money and create more poverty. Marx belived that people in society is broken down into two groups, the bourgeois(upper class) and the proletarian (lower class). During Marx’s time most of the “Western World” was undergoing the industrial revolution where changes are seen in labor. Rather than labor being done by hand and use of many workers, new machines and technology helped create a faster production and less use of labor making businss owners richer. The upper class (the bourgeois) began to see a surplus in their businesses, but instead of using that money towards the workers, they used that money to invest in newer and better inovations and technology to help decrease the money in labor.

Both Marx and Engles agreed that capitalism may double the income of the rich, but at the same time it lowers the proletarian’s wealth. They believed that through time there will be such a difference between the bourgeois and the proletarian (lower class) that the proletarian will rise up and start a revolution agianst the bourgeois. The outcome with the proletraians victorious and the end of captialism; and then the start of socialism. So captialsm will fall because of the fact that through time the lower class will be so poor that the price of living will be at a high which will force a revolution agianst the upper class.


To answer this question I used this website, weekly.ahram.org.ed/2003/653/op43.html

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