Karl MarxKarl Marx was an influencell economist during the 1800s. Marx has his own economic theory, called Marxism. Marx, a radical Communist ideas and philosophies played important roles int the forming of Communist nations during the twentieth century. Marx’s ideas would and have influenced the course of history. Even today, well past his death his philosophies and ideas are still talked about. Marx’s ideas are captured in his book the Communist manifesto. Communism is “a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.” (1) In Marx’s book, he summarizes his economic philosophies. Marx first belief that he mentions in
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Marx would argue that if the wealth was more evenly distributed we would have a stronger middle class and therefore a stronger economy. (5) If Karl Marx was put in charge of solving our current economic issues he would want to convert to communism. He would do this by moving away from capitalism to socialism and then finally to communism. (4) Marx would want to abolish private property. Everything would be owned by the state. As well as owner ship no longer existing, inheritance wouldn’t either. People would have to get what they need form the government. He would create a national bank, that would have a monopoly on the market. He would give control of all communications and transport to the state. (6) (4) Karl Marx was able to essentially found the communist party with The Communist Manifesto. Marx believes that a Communist state will result in the strongest economy. Were he still alive today he would have issues with the free market, government regulations and the class system in the United States. Marx was a influencell thinker who’s ideas are still present today.
(1) "Communism." Dictionary.com. Dictionary.com, n.d. Web. 11 Sept. 2012. .
(2) "Socialism." Dictionary.com. Dictionary.com, n.d. Web. 11 Sept. 2012. .
(3) Karl Marx. 2004. Photograph. Right Wing Nut. Web. 11 Sept. 2012. .
(4) "Karl Marx." (Stanford Encyclopedia of Philosophy). N.p., n.d. Web. 11 Sept.