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KARL MARX
(German) (1818-1883)
The worker becomes all the poorer the more wealth he produces, the more his production increases in power and range.
Marx, Economic and Philosophic Manuscripts (1844)
INTRODUCTION
Karl Heinrich Marx was born into a comfortable middle-class home in Trier on the river Moselle in Germany on May 5, 1818.
Founder of political / economic theory of socialism (communism) Considered the founder of the conflict perspective Wrote the Communist Manifesto and co wrote Das Kapital (with Friedrich Engels)
INTRODUCTION
Society, according to Marx, comprised a moving balance of antithetical forces that generate social change by their tension and struggle. Capitalism creates an economic system that results in people becoming members of one of two classes: proletariat (labourers/workers) and bourgeoisie (capitalists/owners of means of production). Key concepts: capitalists, social class, dialectics (thesis, antithesis, synthesis)
CURRENT SCENARIO
In favor of Free trade Globalization as a mean of survival Labor rights I will fight for a trade policy that opens up foreign markets to support good American jobs. Ill use trade agreements to spread improved labor and environmental standards around the world President Obama favors raising the minimum wage and indexing it for inflation. Affordable Care Act (ACA)
EXPLOITATION
When big firms become bigger and even more powerful, they try to boost their profits by increasing the pressure on workers to, for example, work longer hours, work for lower wages, etc.
Inapplicable in 21st century due to the advent of human rights association Example of Nike ( Child labor Example in India)
RECESSION
Causes of the recent recession:
Credit crunch Defaults in subprime mortgages Poor financial confidence Low house prices
THEM OUT.
You have civilized the ends of the earth to win new terrain for the development of your vile avarice. You have brought about the fraternization of the peoples but your fraternity is the fraternity of thieves (Marxs Capital, Volume 1,1867)
Put an end to trade agreements; nothing
comes here,
say no to
majority of states find their policies decided by international bodies, the regional development banks, the World Bank and the IMF.
Let the state government do that, please? Wake your central bank UP!
Thanks