His prescriptions embrace excluding companies from political participation, increased state and world control of international firms and finance, rendering financial speculation unprofitable and creating local economies that depend on native assets, somewhat than international trade. In Marx’s view, financial components and relationships between social classes are closely interrelated. The inherent inequalities and exploitative economic relations between the proletariat and the bourgeoisie would finally lead to a revolution in which capitalism will be abolished. While laborers are targeted on primary survival, capitalist enterprise house owners are concerned with buying increasingly money. According to Marx, this financial polarity creates social problems that may finally be remedied through a social and financial revolution.
It views both capitalism and socialism as equally flawed and exploitative, and it favors financial mechanisms such as small-scale cooperatives and family companies, and enormous-scale antitrust rules. Within anarchism, there emerged a critique of wage slavery which refers to a … Read More