Marxist tradition Essay Example | Topics and Well Written Essays - 500 words

Marxist tradition - Essay ExampleIn fact, Karl Marx presented this freshly logic of political economy in a statement An increase in the harvest-timeivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital (Marx, 1863-1883, p. 271). In other words, industrial development neglected the value of operative class, as capitalists had put their incomes on the pedestal of social relations. In short, the dialectical type of antagonist relations that showed up after capitalist change was the important object of Marxist critique.On the one hand, Marx clearly understood the find out trends of his time based on the prevalence of economic relations in all social spheres. In this context, Marxism proposed the pioneer theoretical framework it stated that working hard means nothing in the new society. In contrast, classical liberalism that believed in market self-regulatory power to human prosperity (Smith, 2007) could not overcome this new type of social inequality. Moreover, Marxism served as a good base to further investigation of capitalist transformations in the society. For instance, modern theory of oppressed shows that Marx was convincing and predicted the main challenges of capitalist social order. In general, Marxism noticed the main danger of the twentieth century that led to huge transformations of the world order in this context, Marx and Engels (1848) widely discussed the go under of proletariat as neglected by revolutionary class, whose voice is important but not heard.