AN EVALUATION OF KARL MARXS IDEA OF CAPITALISM
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- NGN 3000
ABSTRACT
The history of man shows that people came together at a point in time to form society. The reason for this is for human beings to have a peaceful co-existence, society therefore is a human creation.
How can a society be adjudged as just? These are question yearning for answers and a great concern for political philosophers. The idea of capitalism has its origin in the west and it is highly practiced in the Euro-American world.
Capitalism as a principle in a society spread like wild fire that today it is practiced all around the world. On the face value capitalism appears to be nonconsequential as it seems to bring about rapid growth and development in society. But Karl Marx, who is regarded as the father of socialism vehemently, rejects capitalism in all its ramification. For him, capitalism can only be described as exploitative. It is in this light that this study shall evaluate Marxs idea of capitalism with a view to addressing the above question
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