Relevance of Marxism in the 21st Century

Published: 2021-09-13 20:55:11
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Category: Philosophy

Type of paper: Essay

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Outline
Thesis: Despite Marx's prediction of the consequential effects of capitalism, in the 21st Century, his theory has a diminished social, political and economic relevance.
I. Marx theory of alienation;
A. Background of the theory
B. The theory of alienation
C. Thesis statement
II. Social
A. Limitations to Marx's vision of future society and human' Interactions
B. Social network in the 21st century
III. Political
A. Democracy
B. Influence of democracy on governance and workers' rights in 21st century
IV. Economic
A. Economic condition has improved compared to the era of industrial revolution.
B. Minimum Wage
V. Summary-
A. The present day social, political and economic global trends
B. Capitalism improved people's lives in 21st century


Karl Marx formulated this theory in the 19th century, the dawn of the industrial revolution. Losey, asserts that during this time, people's major concern was in the workplace. Most jobs paid low wages, were monotonous and unsafe. Many employers experienced difficulty recruiting and retaining workers because of poor working conditions. This theory, an abstract of his 1844 manuscript described alienation as a consequential effect of capitalism. According to Cox, Marx's theory of alienation, describes four aspects of alienation; the first one is workers' alienation from the objects or products they produce. The second aspect is workers lack of control over the production process. Thirdly, the workers are alienated from other human beings especially family and the fourth is alienation from species being. Despite Marx's prediction of the consequential effects of capitalism, in the 21st Century, his theory has a diminished social, political and economic relevance.

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