Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
Significance of Das Kapital & Marxism in present day context
Once in my college days, my teacher stated that if you are the student of social science and you are not the familiar with the Marx's view on various aspects and do not know about the 'Das Kapital' than your student life is meaningless and your learning as a social science student is quite disappointed.

That day, I purely realized the importance of Marxian ideology. Today, as of my own small concern, I also firmly say that without knowing Marx's ideas a student won't become a good economist or a good political thinker or a social philosopher. My believe is that Marx was not just the philosopher of a group of people who was the critic of capitalism; he was the philosopher for this human world. Hence, Marx's ideas has the significant relevance on some of the most troubling issues facing humanity today, in particular, rising economic inequality, deepening economic instability, and growing un-sustainability of human–nature interactions, signifying a looming planetary crisis.

In early 1990's after the breakdown of Soviet Union and which was set up in 1917 by Marx's firm follower and revolutionary VI Lenin, the critiques mostly point out that Marxism as a political theory has lost its significance. By celebrating the victory of liberalization and fall of Soviet Union, Francis Fukayama stated in his work, "The End of the History and the Last Man" (1992) that there is no alternative to liberal democracy.

Again, it became the most talked about social philosophy in the 2008 global financial crash, as some critics saw it as a classic example of capitalism in crisis, just as Marx had predicted. After the breakdown of USSR, the world turned into a uni-polar system, where USA is the hegemony. To compete with the US ascendancy and liberal economic inequality, a revolution is much needed. Therefore, Marxism is still relevant as alternative ideology capitalism- liberalism. It is also important to see that the revolutionary potential of Marx continues to inspire the people of around the world. The mechanism of rising expectations is being sought to be achieved through the method devised by Marx. Till the time, the Marxian ideology remains the only best alternative to liberalization. Whenever liberalization is unable fulfill the needs of the people and fails, they seek to interpret Marxism in their own way to achieve their ultimate goal.

'Das Kapital' was written in the middle of the 19th century by German philosopher and economist Karl Marx. Das Kapital firmly gave a description of how the capitalist system works, where Marx claims, it will litigate by itself. Before this, Marx had already brief ideas on class struggle – where he simplified that how the workers of the world would seize power from the ruling elites and being exploited – on his Communist Manifesto and other writings. Das Kapital is just the stepping stone for Marx to give these ideas grounding in verifiable fact and proper scientific analysis. Here this is quite important to say that it is not an easy task to read and understood just in a first attempt. Das Kapital is the product of 30 years of hard work, experience and observation done by Marx himself. His study of the condition of workers in English factories at the height of the Industrial Revolution, needless to say that it is part of history, part of economics and part of sociology. Marx published the first volume of 'Das Kapital' in 1867, when he was in London with his family, and was being financially supported by his friend Friedrich Engels. It was the first successful noble document in the field of social science, political ideology & economics.

Marx was very much critical of the fact that commodities have both a use-value and an exchange-value, and that their exchange-value is dependent and rooted in how much labour-power went into them. While traditionally people bought commodities in order to use them, capitalists use the commodities someway differently. Their final goal is to seek the profit. Therefore, they spend money to buy commodities, in order to sell those commodities in the market's demand for a profit. This is a cycling process & repeats itself. whereby the capitalists are able to make a profit is that they only need to pay out worker's value, but the workers produce more than that amount that paid for them in a day. By this the workers are exploited. The capitalists can easily do this because they have the power, and control the means of production. By this, the workers' character is negatively affected by the system. They don't own the products made out of their labour, besides the repetitive work they have to do to make them. His ideas of planned economies are not easy for any places to live. As a consumer, we have nearly no control over what products are needed. We will always receive a worse product because the government won't go out of business if it fails to displease us clearly.

Finally, the labour theory of economics. Marx stated that workers' wages should only be dictated by the amount of necessary labour that the worker puts in, rather than what the value of the products or services the labourer produces. So, if a neurosurgeon works for a time period, the worker will be compensated for the amount of labour they put in, and not based on the value of doing a surgical operation. This ties in to his earlier idea of equality.

Meanwhile, Marx and his friend Engels rejected the liberal view that the state is a natural institution and that proclaimed by its supporters as it exists to promote the well being of all the people. Rather, they hold that the state is a product of society at a certain stage of its development. It is a historical entity, which emerged out of the class division of the society and out of the need to hold the class antagonism in check. State has not been there in the primitive society, where the institutions of law, government and politics were totally absent.

Marx's work 'Das Kapital' will be significant as far as Capitalism exists, yes it was written one and hal

That day, I purely realized the importance of Marxian ideology. Today, as of my own small concern, I also firmly say that without knowing Marx's ideas a student won't become a good economist or a good political thinker or a social philosopher. My believe is that Marx was not just the philosopher of a group of people who was the critic of capitalism; he was the philosopher for this human world. Hence, Marx's ideas has the significant relevance on some of the most troubling issues facing humanity today, in particular, rising economic inequality, deepening economic instability, and growing un-sustainability of human–nature interactions, signifying a looming planetary crisis.

In early 1990's after the breakdown of Soviet Union and which was set up in 1917 by Marx's firm follower and revolutionary VI Lenin, the critiques mostly point out that Marxism as a political theory has lost its significance. By celebrating the victory of liberalization and fall of Soviet Union, Francis Fukayama stated in his work, "The End of the History and the Last Man" (1992) that there is no alternative to liberal democracy.

Again, it became the most talked about social philosophy in the 2008 global financial crash, as some critics saw it as a classic example of capitalism in crisis, just as Marx had predicted. After the breakdown of USSR, the world turned into a uni-polar system, where USA is the hegemony. To compete with the US ascendancy and liberal economic inequality, a revolution is much needed. Therefore, Marxism is still relevant as alternative ideology capitalism- liberalism. It is also important to see that the revolutionary potential of Marx continues to inspire the people of around the world. The mechanism of rising expectations is being sought to be achieved through the method devised by Marx. Till the time, the Marxian ideology remains the only best alternative to liberalization. Whenever liberalization is unable fulfill the needs of the people and fails, they seek to interpret Marxism in their own way to achieve their ultimate goal.

'Das Kapital' was written in the middle of the 19th century by German philosopher and economist Karl Marx. Das Kapital firmly gave a description of how the capitalist system works, where Marx claims, it will litigate by itself. Before this, Marx had already brief ideas on class struggle – where he simplified that how the workers of the world would seize power from the ruling elites and being exploited – on his Communist Manifesto and other writings. Das Kapital is just the stepping stone for Marx to give these ideas grounding in verifiable fact and proper scientific analysis. Here this is quite important to say that it is not an easy task to read and understood just in a first attempt. Das Kapital is the product of 30 years of hard work, experience and observation done by Marx himself. His study of the condition of workers in English factories at the height of the Industrial Revolution, needless to say that it is part of history, part of economics and part of sociology. Marx published the first volume of 'Das Kapital' in 1867, when he was in London with his family, and was being financially supported by his friend Friedrich Engels. It was the first successful noble document in the field of social science, political ideology & economics.

Marx was very much critical of the fact that commodities have both a use-value and an exchange-value, and that their exchange-value is dependent and rooted in how much labour-power went into them. While traditionally people bought commodities in order to use them, capitalists use the commodities someway differently. Their final goal is to seek the profit. Therefore, they spend money to buy commodities, in order to sell those commodities in the market's demand for a profit. This is a cycling process & repeats itself. whereby the capitalists are able to make a profit is that they only need to pay out worker's value, but the workers produce more than that amount that paid for them in a day. By this the workers are exploited. The capitalists can easily do this because they have the power, and control the means of production. By this, the workers' character is negatively affected by the system. They don't own the products made out of their labour, besides the repetitive work they have to do to make them. His ideas of planned economies are not easy for any places to live. As a consumer, we have nearly no control over what products are needed. We will always receive a worse product because the government won't go out of business if it fails to displease us clearly.

Finally, the labour theory of economics. Marx stated that workers' wages should only be dictated by the amount of necessary labour that the worker puts in, rather than what the value of the products or services the labourer produces. So, if a neurosurgeon works for a time period, the worker will be compensated for the amount of labour they put in, and not based on the value of doing a surgical operation. This ties in to his earlier idea of equality.

Meanwhile, Marx and his friend Engels rejected the liberal view that the state is a natural institution and that proclaimed by its supporters as it exists to promote the well being of all the people. Rather, they hold that the state is a product of society at a certain stage of its development. It is a historical entity, which emerged out of the class division of the society and out of the need to hold the class antagonism in check. State has not been there in the primitive society, where the institutions of law, government and politics were totally absent.

Marx's work 'Das Kapital' will be significant as far as Capitalism exists, yes it was written one and half century ago but political economy hasn't changed much since its basic elements still exist. Capitalism is a system of wealth which accumulation through the production of profit. Everything might not be relatable to the struggle between two social classes with Marx's view, and history does not seem to be deterministic in the sense that Marxian thought. But capitalist influence on policy making, and the fear of losing democratic power of the common man, could be relate as a struggle between the capitalists (bourgeoisie) and the workers (proletariat) at the present day context.

In Indian context, there are large numbers of people who still live in the conditions of extreme poverty, poor health and sanitation, illiteracy, caste oppression and economic exploitation. Most of the poor people are engaged as labourers. A huge gap between poor and rich exists as their economic stability has been also seen. Hence, the economic and political exploitation still exists. In a very few lines, Marxism is still relevant, and will keep returning as a popular movement as long as there is poverty, inequality, and exploitation in this humanistic world. Not only in India, but in others part of the world too.

Marx was a revolutionary and socialist, but above all he was a humanist who believed in genuine emancipation and liberation of human beings. He registered protest against every kind of domination. Marx's ideas are also optimist vision of classless society continues to inspire millions of people. Lastly, on this article a non-Marxist is showing gratitude to Karl Marx and his visionary ideas or thoughts.

f century ago but political economy hasn't changed much since its basic elements still exist. Capitalism is a system of wealth which accumulation through the production of profit. Everything might not be relatable to the struggle between two social classes with Marx's view, and history does not seem to be deterministic in the sense that Marxian thought. But capitalist influence on policy making, and the fear of losing democratic power of the common man, could be relate as a struggle between the capitalists (bourgeoisie) and the workers (proletariat) at the present day context.

In Indian context, there are large numbers of people who still live in the conditions of extreme poverty, poor health and sanitation, illiteracy, caste oppression and economic exploitation. Most of the poor people are engaged as labourers. A huge gap between poor and rich exists as their economic stability has been also seen. Hence, the economic and political exploitation still exists. In a very few lines, Marxism is still relevant, and will keep returning as a popular movement as long as there is poverty, inequality, and exploitation in this humanistic world. Not only in India, but in others part of the world too.

Marx was a revolutionary and socialist, but above all he was a humanist who believed in genuine emancipation and liberation of human beings. He registered protest against every kind of domination. Marx's ideas are also optimist vision of classless society continues to inspire millions of people. Lastly, on this article a non-Marxist is showing gratitude to Karl Marx and his visionary ideas or thoughts.

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement
merinews for RTI activists


Advertisement
Not finding what you are looking for? Search here.