Home > Terms > Filipino (TL) > Karl Marx

Karl Marx

Much followed, and much misunderstood, German economist (1818–83). His two best-known works were the Communist Manifesto, written in 1848 with Friedrich Engels, and Das Kapital, in four volumes published between 1867 and 1910. Most of his economic assumptions were drawn from orthodox classical economics, but he used them to reach highly unorthodox conclusions. Although claimed and blamed as the inspiration of some of the most virulently anti-market governments the world has ever seen, he was not wholly against capitalism. Indeed, he praised it for rescuing millions of people from “the idiocy of rural life”. Even so, he thought it was doomed. A shortage of demand would concentrate economic power and wealth in ever fewer hands, producing an ever-larger and more miserable proletariat. This would eventually rise up, creating a “dictatorship of the proletariat” and leading eventually to a “withering away” of the state. Marx thought that this version of history was inevitable. So far, history has proved him wrong, largely because capitalism has delivered a much better deal to the masses than he believed it would.

0
Toevoegen aan mijn woordenlijst

Wat wilt u zeggen?

Je moet inloggen om aan discussies te kunnen deelnemen.

Terms in the News

Featured Terms

Danilo R. dela Cruz Jr.
  • 0

    Terms

  • 0

    Woordenlijsten

  • 3

    Followers

Ang Aking Glosaryo

My Glossary enables freelance translators, technical writers, and content managers to store, translate, and share personal glossaries on ...

Donateur

Featured blossaries

The Sinharaja Rain Forest

Categorie: Travel   1 20 Terms

The North Face 2015 Collection

Categorie: Travel   6 20 Terms