Term Paper: Management Karl Marx Is Highly

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[. . .] In this instance, as in the case with unions, the supply of labor is controlled by the individuals in society. As such, both the Unions and the Occupy Wall Street movement serve as a check and balance against the loss of labor control. Marx during his period did not have the organization of unions that capitalism today has. In many instances teacher, policeman, firefighters, autoworkers, and airline employees all control the productive labor in their respective industries. As such, the can balance the interest of the productive class with those of the upper class, to a certain extent. Now, to be fair, the upper class, as it is currently doing, can simply outsource and take labor abroad. However, this propensity to outsource will eventually abate and diminish. As the economies of these low labor countries prosper, they too will demand higher wages, thus balancing out the power of the controller of labor. I believe Marx did not take this phenomenon into account. Globalization has to a large extent diminished the power of those who control labor.

I also disagree with Marx in his belief that human society's progress through class struggle. It is my contention that there is enough prosperity for everyone to participate in. The system I agree should not be equal. Complete equality will discourage innovation, which is the engine of social progress. By having inequality, entrepreneurs and society in general has an incentive in which create products that will be demanded by society. In this manner, society benefits due to the desire to improve social standing on the part of the entrepreneur. However there should be equality in the ability for anyone to become wealthy and improve their social standing. As such, societal evolution is not a zero-sum game in which one class prospers at the expense of another. In contrast, social evolution provides support for all classes in which to improve the overall quality of life for civilization. A look at American history proves as much. Currently the poorest individual in America is doing what the wealthiest people in America 100 years ago could not do. Those within the lowest tier of society have access to internet, cell phones, vaccines, televisions, radio, and automobiles. The wealthiest individuals in society in the year 1900 did not have the overall quality of life that the poorest individuals today have. This is societal evolution in a form that prospers all who are within it. Is this one class benefiting over another? It is not, but rather each class is prospering. To provide future evidence of the error in Marx's thinking, let's look at the stock market during the last century. Under the theory of Marx, one class in societal evolution benefits while the other classes falter. In society, anybody with cash can purchase stock in a company. The owners of the company are comprised of both rich and poor individuals. Under Marx, only the wealthy of society will prosper. However looking at the Dow Jones Industrial average over the last century proves otherwise. Social evolution has benefited everyone in some form, even the small stock holder. On December 31, 1901, the Dow Jones traded at roughly 66 points. Now, over a century later, the Dow is near all time highs of nearly 15,000! Over this period the small investor, along with the large owners of business have prospered immensely. Likewise society has improved dramatically. The business owner, the consumer, and the small investor benefited.

However, as mentioned above, one class does benefit more so than the other. In the instance of societal evolution, the owners of the business prosper more so than the consumers of the product. For instance, the owners of the internet company will prosper more, over time, than will the consumers of the internet product. In exchange for providing goods and services, owners are compensated generally with cash. The cash can then be investing in still further promising projects that provide further amounts of cash. The consumers however, are losing cash in exchange for a service that is often ephemeral in nature. A purchase of a new car for example transfers cash to the owners of the car manufacturer, while the consumer is given a depreciating asset. The consumer however, has increased their overall quality of life by purchasing a car in which they wanted. They can now commute to work faster, show off to friends, attract a member of the opposite sex, and so forth. As such, both parties prosper, but the owner of the business will benefit more so than the owner of the vehicle. One has an appreciating asset while the other has a depreciating asset. This, in large part contributes to the class warfare that arising periodically throughout history.

In conclusion, societies do change and alter as circumstances dictate. In many instances, conflicts between those who produce the labor and those who control it arise. This is to be expected as society must have both components to function properly. However, this disparate relationship between the lower and upper class is what gives rise to many of the innovations that benefit society. As such Marx was only partially correct. I believe, that over time civilization will prosper, not at the expense of one class over another, but instead as a whole. A rising tide lifts all boats, and this instance is no different.

References:

1) Curtis, Michael (1997). Marxism: the inner dialogues. Transaction Publishers. p.201- 291. ISBN 978-1-56000-945-0

2) David McLellan 1973 Karl Marx: His life and Thought. New York: Harper and Row. pp. 189 -- 190

3) Engels, Frderick "Principles of Communism" contained in the Collected Works of Karl Marx and Frederick Engels: Volume 6 (International Publishers, New York, 1976) pp. 341-357.

4) Enrique D. Dussel; Fred Moseley (2001). Towards an unknown Marx: a commentary on the manuscripts of 1861 -- 63. Psychology Press. pp. 33 -- 67. ISBN 978-0-415-21545-9. http://books.google.com/books?id=-Ld9fM0DOYQC&pg=PR33.

5) Felluga, Dino. "Modules on Marx: On the Stages of Economic Development." Introductory Guide to Critical Theory. July 7, 2002. Purdue U. Date you accessed the site. .

6) Karl Marx and Frederick Engels, "The Communist Manifesto" contained in the Collected Works of Karl Marx and Frederick Engels: Volume 6, pp.450 through 519

7) Marx, Karl and Frederick Engels. The German Ideology Part One, with Selections from Parts Two and Three, together with Marx's "Introduction to a Critique of Political Economy." New York: International Publishers, 2001.

8) Marx, Karl. Capital: A Critique of Political… [END OF PREVIEW]

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