Karl Marx Essay

Name

Instructors’ name

Course

Date

Karl Marx

Karl Marx was born in 1818 in Trier, Germany in a Jewish family of seven. Between years 1830 to 1835, he attended high school in his hometown. As an advocate for revolutionary harsh criticism of everything existing, he was the co-originator of communism theory. In campus, in 1835, he joined Young Hegelians movement whose role was to criticize the political and cultural establishments of the time. After attaining his degree, he began writing for the liberal democratic newspaper Rheinische Zeitung, where he became the paper’s editor. The paper was banned by the Prussian government one year later.

In mid-1843, he got married to Jenny von Westphalen. As a radical writer and a journalist, he was expelled by the German, French and Belgium governments. He published the communist manifesto together with his fellow Friedrich Engels in the year 1848. The declaration introduced the concept of socialism due to natural consequences of the capitalist system conflicts. He later relocated to London in 1849.

In the years 1850 to 1864, he worked as a journalist, and as a correspondent for the New York Daily Tribune. At this time, he lived in poverty and spiritual pain. With time, he solely focused on his economic theories. He was the founder of the International Workingmen’s Association known as the First International. Three years later, he published initial volume of “Capital” laying out his vision of capitalism and its inevitable tendencies toward self-destruction

He was a communism’s most active intellectual advocate. His extensive writings on the subject laid the foundation for future political leaders. He was not only an economist but also integrated diverse disciplines. He explained that communism was an inevitable rupture of evolution which started with personal ownership of resources and passing through capitalism and socialism. Essential elements of Marx’s economic thoughtare the labor theory of value, reduction of profit rates and wealth concentration increase. His thorough treatment of capitalism emerges in complete contrast, nevertheless, his take of socialism and communism, which he handled only superficially. He doesn't explain how these two economic systems would operate.

            He studied the difference between the class structures. Those who own companies and had full control and the laborer who had nothing other than their hand work to make ends meet. Despite the capital generation, there was no development in the society with the rich continuing being rich and the poor continuing being poor. His aim was for the laborers to stand up to their employees and demand their rightful wages with no discrimination. He came up with the Marxism theory that explains the ownership class with absolute control of production and the laborers class.

...