Thursday, October 1

Karl Marx

Karl Heinrich Marx 
(5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist and socialist revolutionary. Born in Trier, Germany, Marx studied law and philosophy at university. He married Jenny von Westphalen in 1843. Due to his political publications, Marx became stateless and lived in exile with his wife and children in London for decades, where he continued to develop his thought in collaboration with German thinker Friedrich Engels and publish his writings, researching in the reading room of the British Museum. His best-known titles are the 1848 pamphlet The Communist Manifesto and the three-volume Das Kapital (1867–1883). Marx's political and philosophical thought had enormous influence on subsequent intellectual, economic and political history. His name has been used as an adjective, a noun and a school of social theory.

Das Kapital means capital and capital is different than capitalism according to Marx with the understanding that capital is simply money and as everyone knows ALL SOCIETIES need some form of capital to exist in that they exchange capital for goods and services.

Capitalism on the other hand, uses capital in such a way that the accumulation of capital is what drives capitalism not just using money to purchase goods and services.  Capitalists want to generate more capital than is needed in order to create a profit.

Marx believed that each person generated capital according to his ability and received capital according to his contribution...  this means that if you do not have much of an ability then you cannot make much of a contribution but you get something which is better than nothing.

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