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Article on The Nature of Marxism - Political and Economic Implications

Project id 1003404
Subject area Other
Document type Essay
Words 1829
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All financial concepts share common origins, they try to cover the simple question of how a market could, and ought to, be preserved. One of the most influential financial characteristics is Marxism. The simple fact that economic concepts may share common roots is especially obvious in Marxism; It even shares a basic assumption of laissez-faire with capitalism, a doctrine that it directly influences (Sowell 12). In analyzing Marxism, two standard necessities must be addressed; the character of Marxism and its basis, and also the political and financial implications of Marxism. Curiously, Marxism was just partly originated by Karl Marx. A great deal of the doctrine behind and rationalization for Marxism- possibly even the larger part of that thought- was from Marx's greatest modern, Friedrich Engels. Engels and Marx worked together to write The Communist Party, and, following Marx's death, Engels became the surviving originator of Marxism; it was he who carried Marx's flashlight, and that printed the latter of Marx's philosophies- although whether or not he was true for Marx's beliefs, and whether he altered them slightly according to his own, nobody could be sure (18). In spite of this, however, Marx's beliefs were comparatively clearly expressed and printed, beginning, in part, together with the Manifesto. "The history of all hitherto existing society is the history of class struggles" (Marx, The Communist Manifesto 9). In that statement, the opening paragraph of this Manifesto, Marx clearly defines the cornerstone of his notions. Marxist economics derive from Marxist doctrine, and Marxist doctrine is based entirely on this particular statement. Marx believed that society was always faced with the unending battle between the bourgeoisie and the proletariat; both the top class of usurpers and extortionists, and also the reduced working class of downtrodden laborers (12). Consequently, his impending financial principles and doctrine would reflect that belief by maintaining, basically, an abolition of personal property (23). Marx maintained that, in their own economic system, labor can "enhance" and "market" the existence of the laborer, as opposed to a capitalist system, wherein these labour is required for the potency of the society, but looked down upon. Marx ardently defended his views concerning a scarcity of private property. He insisted that, although common culture holds no such beliefs concernin...

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