[Music] Karl Marx is often described as one of the greatest thinkers of the 19th century his writings have inspired revolutions and generated centuries of fierce debate born in Prussia now Germany in May 1818 Marx believed that capitalism which was in its infancy at the time had serious flaws Marx claimed that in pursuit of profit capitalists would encourage their ideology that work is good leisure is bad and material things will make us happy embracing mass production depriving workers of job s
atisfaction at the same time exploiting the working-class he became involved in the communist League a small group of intellectuals who wanted to abolish the class system and spread wealth equally Marx wrote the communist manifesto in 1847 with his benefactor Friedrich Engels laying out the Marxist vision of a society where wealth was distributed evenly property is owned publicly and education is free for all but Marx was little known and little read at the time when he died in 1883 only eleven
people attended his funeral after his death his ideas flourished based on the theory of Marxism came communism the realization of a stateless society where all are equal communism became a global movement but the utopian ideal of a fair and equal society failed to materialize communism terrorized and impoverished its subjects and slaughtered them in the tens of millions today capitalism dominates the world but many of Marx's criticisms have never been more relevant today the global disparity bet
ween rich and poor is striking Marx predicted that capitalism would lead to the rich getting richer and the poor staying Paul he was right he also predicted that capitalism would lead to boom and bust economics Marx predicted that capitalism would lead to globalization and that a handful of firms would have huge market dominance [Music] however Marx underestimated the ability of capitalism to make everybody richer by making products much cheaper since the 1980s the number of people in absolute p
overty has fallen by about 1 billion he also got wrong the capacity of capitalism to reform itself by creating welfare states that redistributed wealth through taxation although there is a lot to learn from Marx his solution was far worse than the disease at the same time it can't be said that today's capitalism dominated by immense inequality and financial crises has triumphed [Music] you
Comments
No, he was left.
The real question is why would anyone think the economist would do a fair review of Marx.
“He who doesn’t read the newspaper is uninformed. He who reads the the newspaper is misinformed “-Mark Twain
Marx never said the wealth should be equally distributed, he said workers should keep the surplus value of their work.
"The Economist, a journal that speaks for the British millionaires." -Vladimir Lenin
Can't wait for The Economist to make a review on my work - Marx
“Oh shit was the deadline for the Marx video today?” -Economist writer
maybe you could disagree with Marx's proposed solution to capitalism, but you can hardly dispute his critiques.
Wow The Economist is talking about Karl Marx I'm sure it's gonna be an objective analysis of socialism
During the American Civil War, the Economist magazine/paper supported the South (fighting to keep slaves) while Marx supported the Union…
yes. I am gonna trust "the economist" to tell me about marx in 3 minutes instead of reading his works
Capitalist societies don’t Redistribute wealth through taxes. We take tax money and hand it to the people who need it the least in America.
"We live in an economy."
pretty sure marx/engels were not about distributing wealth "evenly," but fairly. To each according to their needs, not to each according to evenness. EDIT: to be fair, the word "fairly" up there is not quite accurate either, as that can be subjective.
i’m so glad i actually read his work before watching this because boy oh boy...
when you put it in the way saying communism slaughtered millions, you should remind that capitalism also slaughtered millions.
"the economist is the newspaper that speaks for British millionaires" - Lenin
I’ve not even watched this yet but I am absolutely certain that this question that continues to be asked around the world for over a century is capable of being fairly explained and addressed in just over three minutes of a YouTube video
Seems like some high school student did some research on Karl Marx
What a stunning and objective look at the theories laid out by Karl Marx, thank you, Bourgeois Economists!