Comparing Karl Marx and John Stuart Mill Essay - 4553 Words

Karl Marx was born and educated in Prussia, where he fell under the influence of Ludwig Feuerbach and other radical Hegelians. Although he shared Hegels belief in dialectical structure and historical inevitability, Marx held that the foundations of reality lay in the material base of economics rather than in the abstract thought of idealistic philosophy. He earned a doctorate at Jena in 1841, writing on the materialism and atheism of Greek atomists, then moved to Kà ¶ln, where he founded and edited a radical newspaper, Rheinische Zeitung. Although he also attempted to earn a living as a journalist in Paris and Brussels, Marxs participation in unpopular political movements made it difficult to support his growing family. He finally settled†¦show more content†¦Despite these divergent paths which arise from differing views on the driving force of history, both systems aim to rescue the supreme interest of our individual humanity-for Marx, this interest lies in reaching absolu te prosperity for the material man, and for Mill, it lies in the search for absolute truth for the idealistic man. With its emphasis on individuality and diversity, Mills theory is in a sense more encompassing than Marxs. Mills theory, however, is fundamentally flawed in comparison to Marxs because of its ignorance of property as a danger against human liberty. Marx sees in the industrial age the death of the property-less class. This death is brought by the industrial ages five qualities: division of labor, accumulation of capital, competition, financial crisis, and monopoly. In this age, machineries and the division of labor reduce the skillful artisans to the proletariats who merely work on one monotonous element of production. The capitalists who own the machines enlarge their capital by exploiting the proletariats labor, leaving them only with enough to eat. Competition forces capitalists to lower prices, but this is good only until each factory produces more than demanded and a financial crisis emerges. The smallShow MoreRelatedEconomic Globlization1286 Words   |  6 Pagescharge whatever they see fit†. The reason for this is lack of competition in a capitalistic society. Karl Marx a social theorist of the 1800’s believed that the basis of social order in every society is the production of economic goods. â€Å"The concepts of what is produced, how it’s produced, and how it’s exchanged determines the differences in people’s wealth, power, and social status†. Marx argued that because human beings must organize their activities, in order to clothe, feed, and house themselvesRead MoreWhat Is Economic Freedom?1509 Words   |  7 Pagesdebate which later turned into war. 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