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HUM208 Handouts Lecture09

Karl Marx was a German philosopher and economist whose ideas on historical materialism and class struggle laid the foundation for communism and influenced socialist movements worldwide. He critiqued capitalism for exploiting the working class and envisioned a classless society where resources are shared equitably. The document contrasts capitalism's focus on private ownership and profit with communism's aim for collective ownership and social equality.

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0% found this document useful (0 votes)
12 views4 pages

HUM208 Handouts Lecture09

Karl Marx was a German philosopher and economist whose ideas on historical materialism and class struggle laid the foundation for communism and influenced socialist movements worldwide. He critiqued capitalism for exploiting the working class and envisioned a classless society where resources are shared equitably. The document contrasts capitalism's focus on private ownership and profit with communism's aim for collective ownership and social equality.

Uploaded by

UZAIR SHAHID
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Civics and Community Engagement lec#9

KARL MARX
Karl Marx (1818–1883) was a German-born philosopher, political theorist, economist, journalist,
and revolutionary socialist whose ideas profoundly influenced modern political thought and
socialist movements. He is also known as the father of Communism and a critic of Capitalism. He
is best known for his seminal works, The Communist Manifesto (1848), co-written with his
lifelong collaborator Friedrich Engels, and Das Kapital (1867–1894), a multi-volume critique of
classical political economy. Marx's work laid the foundation for the theory of historical
materialism, which argues that material conditions and economic structures shape societal
development and political systems.
His critique of capitalism exposed the inherent contradictions within the system, particularly the
exploitation of the working class (proletariat) by the bourgeoisie (capitalist class), ultimately
advocating for the establishment of a classless, communist society. His theories have since become
central to socialist and communist movements worldwide, influencing both academic discourse
and revolutionary political struggles.

Development of Societies

Karl Marx’s ideas, collectively known as Marxism, have had a profound influence on modern
intellectual, political, and economic history. He viewed human history through the lens of
historical materialism, arguing that economic structures determine the social and political
organization of societies. According to Marx, societies progress through distinct stages of
development- slavery, feudalism, capitalism, socialism, and ultimately communism—each driven
by the struggle between opposing social classes.

At the heart of this progression is class conflict, which Marx saw as the driving force of historical
change. In capitalist societies, the ruling class (bourgeoisie) owns the means of production, while
the working class (proletariat) is forced to sell its labor for wages. This inherent exploitation, Marx
argued, would lead to increasing tensions, resulting in the eventual overthrow of capitalism. He
predicted that capitalism’s contradictions such as wealth concentration and worker alienation
would cause its collapse, paving the way for a socialist system based on collective ownership.
Eventually, this would lead to a classless, stateless communist society, where resources are
distributed based on need rather than profit. Marx’s theory of societal development remains a
cornerstone of socialist and communist thought, influencing political movements, revolutions, and
economic policies across the world.

Communism

Communism is a political and economic ideology that aims to establish a classless, stateless society
in which the means of production such as factories, land, and natural resources are collectively
owned and managed by the people, rather than by private individuals or corporations. Rooted in
Karl Marx’s theory of historical materialism, communism envisions a system where economic
exploitation is abolished, and wealth and power are redistributed equitably among all members of
society.

The fundamental goal of communism is to eliminate social and economic inequalities by ensuring
that everyone has access to basic necessities such as food, healthcare, education, and housing.
Unlike capitalism, which operates on private ownership and profit motives, communism seeks to
replace market-driven economies with planned economies, where production and distribution are
based on communal needs rather than individual wealth accumulation.

Marx argued that communism would emerge as the final stage of human societal development,
following the decline of capitalism and the transition through socialism. In a fully realized
communist society, there would be no state, no social classes, and no wage labor—instead,
resources and goods would be distributed based on the principle “from each according to his
ability, to each according to his needs.”

Key Principles of Communism

• Collective Ownership: All property and resources are owned and controlled by the
community as a whole. This prevents wealth concentration and ensures equal access to
resources for all members of society.
• Classless Society: The elimination of social classes and the establishment of equal rights
and opportunities for everyone. In a truly classless system, no group holds power over
another, fostering social and economic equality.
• Central Planning: Economic planning is centralized and managed by the government or
a collective body to ensure that production meets the needs of society. This system
eliminates market competition and prioritizes public welfare over profit.
• No Private Property: The abolition of private ownership of property and businesses, with
all assets being shared collectively. This prevents individuals from exploiting resources for
personal gain at the expense of others.
• Distribution Based on Need: Goods and services are distributed based on people's needs
rather than their ability to pay. This ensures that essential services like healthcare,
education, and housing are accessible to everyone.

Capitalism

Capitalism is an economic system where individuals and businesses privately own the means of
production, such as factories, land, and resources, rather than the government or community. The
main goal is to produce goods and services for profit, meaning companies and individuals compete
to earn money.

It is based on supply and demand, where prices and production levels change according to
consumer needs. Competition encourages businesses to improve products, lower prices, and
innovate. Individual initiative means that people have the freedom to start businesses, invest, and
make economic decisions.
In a capitalist system, the government usually plays a limited role, allowing businesses to operate
with minimal interference. This system promotes economic growth and personal wealth, but it can
also lead to income inequality as wealth is not distributed equally.

Key Features of Capitalism

• Private Property: Individuals and businesses have the right to own and control property
and assets, allowing them to use resources for economic gain. This ownership creates
wealth accumulation opportunities and promotes investment in businesses and industries.
• Free Market: Prices for goods and services are determined by supply and demand in a
competitive market, without direct government control. Competition encourages
businesses to improve quality, lower prices, and innovate to attract consumers.
• Profit Motive: The primary goal of businesses is to generate profit, which serves as an
incentive for efficiency, innovation, and expansion. Higher profits drive investment in new
technologies and job creation, contributing to economic growth.
• Limited Government Intervention: The government’s role in the economy is minimal,
primarily focused on enforcing property rights, contracts, and regulations to ensure fair
competition. This approach allows businesses to operate with flexibility, but it may also
lead to economic inequalities.
• Consumer Choice: Consumers have the freedom to choose from a variety of products and
services, which drives competition and improves quality. This competition forces
businesses to adapt to consumer preferences, leading to greater diversity in goods and
services.

Difference between Capitalism and Communism


Conclusion

Karl Marx (1818–1883) was a revolutionary thinker whose ideas laid the foundation for
communism and significantly influenced political and economic thought. He critiqued capitalism
for its exploitation of the working class and envisioned a classless society where wealth and
resources were shared collectively. His theories on historical materialism, class struggle, and
economic systems continue to shape debates on governance and social justice.

The comparison between capitalism and communism highlights two opposing approaches to
economic organization. Capitalism promotes private ownership, competition, and profit-driven
markets, leading to innovation and economic growth but also creating wealth inequality.
Communism, on the other hand, seeks collective ownership and social equality, aiming to
eliminate class divisions but often facing challenges in implementation, such as economic
inefficiency and lack of personal freedom. While neither system is perfect, most modern societies
incorporate aspects of both to balance economic progress with social welfare. Understanding
Marx’s ideas and these economic models helps in analyzing historical developments and the
ongoing global discourse on economic justice and governance.

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