Capitalism in Marx and Weber
The Concept Of Capitalism In Marx And Weber; What Is The Contemporary Relevance Of Their Ideas?
Introduction:
At the later nineteenth century many social and economical ideas were developed because of the past revolutions and the present conflict of individuals and organised assemblies. Capitalism, one of these ideas, leads bourgeoisie to dream of a capitalist society in order to advance their maintain lifestyle and gain wealth. This economic system which is dominated by private business and the principles of production are for profit works in side of the bourgeoisies. The employees, working to these businesses, carry out the production but don’t own it. They produce «commodities» as they are called by Marx, which belong to the employer in return for wage. Many thinkers of 19th and 20th century analysed Capitalism each in his own way. Karl Heinrich Marx (1818-1883) and Maximilian Carl Emil Weber (1864–1920) are two of the most important figures in the science of sociology who still inspire contemporary society with their ideas.
Despite their indisputable differences, Marx and Weber have much in common in their evaluation of modern capitalism: they share a vision of the capitalist economic system as a universe where “individuals are directed by abstractions,” (Marx), where impersonal relations and objects replace personal relations of dependence, and where the accumulation of capital becomes an end in itself and irrational. And whereas Marx is making anti-capitalism critique banks on the possibility of overthrowing capitalism by workers of socialist persuasion, Weber is a fatalistic and resigned observer to the mode of production and administration that seem to him to be inevitable. The purpose of this paper is to compare both Marx’s and Weber’s ideas and theories about Capitalism and then to evaluate their relevance in contemporary society.
Marx’s and Weber’s Ideas about Capitalism:
Karl Marx (1818 – 1883) was the forefather to the great communist
Introduction:
At the later nineteenth century many social and economical ideas were developed because of the past revolutions and the present conflict of individuals and organised assemblies. Capitalism, one of these ideas, leads bourgeoisie to dream of a capitalist society in order to advance their maintain lifestyle and gain wealth. This economic system which is dominated by private business and the principles of production are for profit works in side of the bourgeoisies. The employees, working to these businesses, carry out the production but don’t own it. They produce «commodities» as they are called by Marx, which belong to the employer in return for wage. Many thinkers of 19th and 20th century analysed Capitalism each in his own way. Karl Heinrich Marx (1818-1883) and Maximilian Carl Emil Weber (1864–1920) are two of the most important figures in the science of sociology who still inspire contemporary society with their ideas.
Despite their indisputable differences, Marx and Weber have much in common in their evaluation of modern capitalism: they share a vision of the capitalist economic system as a universe where “individuals are directed by abstractions,” (Marx), where impersonal relations and objects replace personal relations of dependence, and where the accumulation of capital becomes an end in itself and irrational. And whereas Marx is making anti-capitalism critique banks on the possibility of overthrowing capitalism by workers of socialist persuasion, Weber is a fatalistic and resigned observer to the mode of production and administration that seem to him to be inevitable. The purpose of this paper is to compare both Marx’s and Weber’s ideas and theories about Capitalism and then to evaluate their relevance in contemporary society.
Marx’s and Weber’s Ideas about Capitalism:
Karl Marx (1818 – 1883) was the forefather to the great communist