Marxism Reconsidered

Published in The Express Tribune, September 7^th, 2015

Ever since its origins in industrializing England, the Capitalist economic system has always been subject to crises. There are countless theories as to the causes, consequences, and possible remedies for these. Karl Marx was among the earliest and most famous critics of capitalism. He argued that the source of the wealth produced by capitalism was the labor of the workers. The capitalist use their power to make profits by exploiting laborers, depriving them of their due shares of profits. Capitalism requires growth to prosper, and this could only come by increasing exploitation. Crises would occur when laborers would be oppressed beyond their limits. Eventually these crises would destroy capitalism as the laborers revolted against this unfair system.

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