Sunday, 14 August 2016

#16 in C-Suitism is Marxism

 It was a favorite subject of every one of us in the Master of Applied Economics course and the Professor was a fan of Karl Marx, way back in '74. Some of us were also fans of Socialism as propagated by Dr. Ram Manohar Lohia and some were die-hard RSS/ JanSangh fans. 
What is Marxism : the political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis of communism.
The Definition


system of economic, social, and political philosophy based on ideas that view social change in terms of economic factors. A central tenet is that the means of production is theeconomic base that influences or determines the political life.
Under Marxism, outdated class structures were supposed to be overthrown with force (revolution) instead of being replaced through patient modificationIt held that as capitalism has succeeded feudalism, it too will be removed by a dictatorship of the workers (proletariatcalled socialism, followed quickly and inevitably by a classless society which governs itself without a governing class or structure.
In a Global scenario, it is felt important for the C Suite Members to be aware of the Marxism/ Socialism which are still popular in many countries of the world. 


Because Marxism encompasses social and political ideologies, it is often considered separate fromMarxian economics, which focuses on the criticisms of capitalism brought forth by Karl Marx in his 1867 book, "Das Kapital."

Marx's Views on Capitalism

Marx saw capitalism as one step in the historical progression of economic systems. According to Marx, the inherent inequalities of the capitalist economic system cause tensionsbetween business owners and workers. The resulting conflicts will eventually lead to a revolution in which capitalism is abolished. As a result of the revolution, Marx predicted that private ownership would be replaced by collective ownership.
Marx believed capitalism is grounded in commodities, which are things bought and sold. In Marx's view, an employee's labor is a form of commodity. However, since ordinary laborers do not own modes of production such as factories, buildings and materials, they have little power in the capitalist economic system. Workers are also readily replaceable in periods of high unemployment, further devaluing their perceived worth.
You may find some great Marxist Humor here
And a collection of some great quotes on Marxism is below:
The ideas of the ruling class are in every epoch the ruling ideas, i.e., the class which is the ruling material force of society, is at the same time its ruling intellectual force. Karl Marx
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This one is interesting:
The writer must earn money in order to be able to live and to write, but he must by no means live and write for the purpose of making money. Karl Marx Money, Purpose, Earn
Read more at:
And as student leaders this was favorite of some:
Let the ruling classes tremble at a communist revolution. The proletarians have nothing to lose but their chains. They have a world to win. Workingmen of all countries, unite! Karl Marx
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Machines were, it may be said, the weapon employed by the capitalists to quell the revolt of specialized labor. Karl Marx
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I hope you get the drift. 
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