1. Mr. Crawford Pine Crest School
Karl Marx
Mr. Crawford
Pine Crest School

2. WRONG! Our Situation The Classical Theory of Economics ADAM SMITH:
“Involuntary Unemployment is Impossible.
The economy is self-correcting and self adjusting.”
WRONG!

3. The Situation in 1848
workers-including children-spent 14 hours a day, 6 days a week on the job
factory work was unsanitary and unsafe with no guarantee of compensation for injury or illness
80% of factory workers lived in poverty huddled in ghettos and tenements
business cycles made workers the victims of either high inflation or high unemployment

4. LABOR THEORY OF VALUE ALIENATION EXPLOITATION FRAGMENTATION
How Did This Happen?
All wealth is a direct result of combining Labor with the other Tools of Production
LABOR THEORY OF VALUE
The concept of Private Property has seperated the worker from access to the other Means of Production
ALIENATION
Private Ownership allows the Capitalist to seize the Surplus Labor Value of the worker as Profit by paying Subsistence Wages
EXPLOITATION
There is a Contradiction between actual production and rewards of that production evident in the existence of Social Classes
FRAGMENTATION

5. Dialectical Materialism
DIALECTICS
All history is the struggle between opposites
historical inevitability
class struggle
All societies are organized around the production of goods
materialism
All conflict arises from the inequitable distribution of wealth
Revolutionary change cannot be avoided

6. Alternatives Considered #1
government
intervention

7. Alternatives Considered #2
Union Organization

8. Alternatives Considered #3
REVOLUTION

9. Marx’s Vision for the Future
IDEALISM
MAJORITARIANISM
UTILITARIANISM
PRAGMATISM
PROGRESSIVISM
Human Beings are naturally Cooperative and Benevolent
The Will of the Masses must be Respected
SOCIALISM
Public Ownership of the Means of Production
The Greatest Good for the Greatest Number
Elimination of Class and Creation of the New Man

10. Summary
There is Conflict and Contradiction between Man’s desire to Produce for Use and his desire for Possession
Private Property creates Alienation and Exploitation through the Expropriation of Surplus Labor Value
Socialism is Historically inevitable following a Revolution led by the Industrial Proletariat

11. THAT’S ALL, FOLKS!