How Did Marxism Contribute To The Collapse Of Capitalism
men. Lastly, man is alienated from himself. The capitalist system subordinates all human faculties and qualities to the conditions created by the private ownership of capital and property.
Marxism has been subjected to severe criticism. It has oversimplified the class division of society. In reality, however, society is very complex and is divided into numerous groups with no clear-cut division. Marx predicted that with the advancement of capitalism, the middle class would vanish and merge into the proletariat class. However, the middle class strengthened its position and size. Marx also predicted the narrowing of the capitalist class. However, the base of the capitalist class enlarged. He predicted the accumulation of capital, but capital …show more content…
However, this did not happen. No capitalist system has collapsed. It is the socialist system, which has collapsed in various parts of the world. He had failed to assess capitalism accurately. According to him, the proletarian revolution will occur only when capitalism has matured. Moreover, there was no chance of the proletarian revolution occurring and succeeding in a backward feudal society, he believed. However, revolution took place only in feudal societies such as Russia, China, Vietnam, Cuba etc.
The Marxian theory of economic determinism has also been severely criticised. It is not only the economic factor, but also other factors as polity, society, morality, value system etc. that are equally important in bringing about social change.
The concepts of the dictatorship of the proletariat and communism too have several flaws. Contrary to Marx's beliefs, in socialist society, the state in fact became all-powerful. Instead of weakening, the state consolidated its position with no possibility of its fading away. His dream of a stateless society would not be realised. The state continued to play a leading role in a socialist and communist
Marxism has been subjected to severe criticism. It has oversimplified the class division of society. In reality, however, society is very complex and is divided into numerous groups with no clear-cut division. Marx predicted that with the advancement of capitalism, the middle class would vanish and merge into the proletariat class. However, the middle class strengthened its position and size. Marx also predicted the narrowing of the capitalist class. However, the base of the capitalist class enlarged. He predicted the accumulation of capital, but capital …show more content…
However, this did not happen. No capitalist system has collapsed. It is the socialist system, which has collapsed in various parts of the world. He had failed to assess capitalism accurately. According to him, the proletarian revolution will occur only when capitalism has matured. Moreover, there was no chance of the proletarian revolution occurring and succeeding in a backward feudal society, he believed. However, revolution took place only in feudal societies such as Russia, China, Vietnam, Cuba etc.
The Marxian theory of economic determinism has also been severely criticised. It is not only the economic factor, but also other factors as polity, society, morality, value system etc. that are equally important in bringing about social change.
The concepts of the dictatorship of the proletariat and communism too have several flaws. Contrary to Marx's beliefs, in socialist society, the state in fact became all-powerful. Instead of weakening, the state consolidated its position with no possibility of its fading away. His dream of a stateless society would not be realised. The state continued to play a leading role in a socialist and communist