Capitalism is private onwership that terrorizes labor.
Marxism is public ownership that terrorizes private owners.
Capitalism is private onwership that terrorizes labor.
Marxism is public ownership that terrorizes private owners.
The Theory of Distribution as it exists in capitalism is limited to income taxes, although it can also be applied to charitable giving that's thought of as required, such as tithing to one's church.
The problem with Marx's idea of distribution is that dominates labor, and as such, reduces motivation and discourages entrepreneurship and invention. Even the capitalist tax system, which is deplorable, still allows for the freedom of individual business creation, which is the backbone of capitalism.
In the emboldened, therein lies its downfall. Only when humans (not 'laborers' or 'workers') have the freedom to work toward their own goals, rather than the goals of community government, can they be free.- Critique of the Gotha Program, Karl Marx, 1875 free link
Now, this has most commonly been misinterpreted (either through ignorance or maliciousness on the part of Marx's detractors) to mean that those who labor will have the product of their labor taken from them to give to those in need. But that's not actually how Marx explains it in his Critique of the Gotha Program. What this theory of distribution actually means is essentially that all laborers in a given society labor for the good of the community, and from that community production they receive the exact amount they contributed. Before the laborer's portion is allocated, deductions are made for community services such as hospitals, schools, and a social welfare system for those unable to work. Marx explains it in the Critique such:
Labor Theory of Value:Marx's LTV is unsustainable because it removes the motivation for the inventor or entrepreneur to excel. It transfers the value from the one who comes up with the idea or the business to the peon who produces nothing but the labor required to produce the product or service. This, essentially, is the biggest downfall of Marx theory and it greatly slows down technical progression.Now, on to the Labor Theory of Value (LTV). The LTV is a theory that argues goods and services are valued based on the labor it took to produce them. To Marx, this meant that a laborer should be compensated for their labor based on the value of their production. To use a simple example not intended to be representative of actual implementation based on current economics, say you have a cobbler making a pair of shoes for, I don't know, Nike. Nike pays their cobbler minimum wage, which would be $7.25 an hour. The shoes the cobbler produces sell for $100, however. The cobbler would have to work approximately 14 hours on that one pair of shoes in order to receive the full value of his labor. If the cobbler finishes the pair of shoes in five hours and they are still a well-designed pair of shoes that sell for $100, the cobbler is only receiving $14.50 out of the value of their labor, which is 14.5% of the value. To Marx, this indicates the laborer is being exploited by the wealthy capitalist class, because the cobbler produced the value but only received 14.5% of that value, while the bosses performed almost no labor and received 85.5%.
Conclusion:
Whether or not you agree with Marx is your choice, and there's nothing wrong with disagreeing with his theories. I disagree with some of the things he proposed. We must strive to ground our opposition in reality, however, and at least try to stay informed about the issues we support or oppose. I can't promise you won't become a Communist by reading Marx ( ), but I can promise it will not cause you any harm
But, nothing you've posted here is new. This is all Marxism 101, and anyone who's graduated from high school (should) know this stuff.
""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw
Green Arrow (06-30-2020),Peter1469 (06-30-2020)
zelmo1234 (06-30-2020)
The OP is a good baseline for defining Marxism.
When we discuss capitalism, let's not use the Marxist characterization of capitalism. OK?
Here is a dictionary definition:
We can add with some level of regulation by government.Definition of capitalism
: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
ΜOΛΩΝ ΛΑΒΕ
Why, then, if it's so great, does it always require armed revolution to install and keep in force?
FindersKeepers (06-30-2020),Pammy (06-30-2020),zelmo1234 (06-30-2020)
Neither of those are accurate. Capitalism is simply the production of goods and services for a profit (rather than for human need as in socialism or communism) and the accumulation of wealth (capital). Private ownership for the most part doesn’t exist in Marxism, so you can’t terrorize private owners.
"Those who produce should have, but we know that those who produce the most — that is, those who work hardest, and at the most difficult and most menial tasks, have the least."
- Eugene V. Debs (1855-1926), five-time Socialist Party candidate for U.S. President
"Those who produce should have, but we know that those who produce the most — that is, those who work hardest, and at the most difficult and most menial tasks, have the least."
- Eugene V. Debs (1855-1926), five-time Socialist Party candidate for U.S. President
The Flaw in Marxism is it always assumes that people will work at the same level. And that the economy will thrive
As you can tell by my posting hours I am off working quite a bit. Most of the reason for my absence was NO time, we The Red Head and I started a new venture for us, and it took a lot of learning and work to get it off the ground.
We have the Construction business that I still oversee, and the rental properties, which we are still trying to expand as well.
If you put me in a Marxist system I am not going to be running a business with over 150 employee's I want to be the greater at a Walmart.
Because I can have everything that I need for don't just that
Peter1469 (06-30-2020)