Title: Marx's theory on the fall of Capitalism
|Date:||March 21, 2015|
|Length:||5 / 1431|
|No of views:||0|
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It was he that masterminded the concept of a socialist utopia, which ultimately led to over a third of the world been ruled under the communist regime , a model that Marx concocted. Born on 5 May 1818, in Trier, one of Germany's oldest cities, Marx was the first economist who infused history, philosophy, economics, sociology and political theory all into his work...
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Marx was ahead of his time, his theories were ground breaking, only time would tell whether his predictions would come to fruition. Marx's main claim was that capitalism would eventually fall due to its own internal contradictions and faults, to be replaced by a socialist utopia, so to speak. Marx had many complex motives behind the eventual fall of capitalism, he delves in to great detail about these reasons in his masterpiece Capital (1867), in this text Marx writes about how the capitalist system will falter over time due to the way it operates...
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