Karl Marx(1818-1883), was a German political philosopher who compiled the ideas of the political ideology of communism. Marx believed very fully that communism was effective, and was bound to happen in the near future(which did in fact happen in some countries). Because Marx was a heavy believer of communism he had many criticisms toward capitalism. What are some of Marx’s criticisms of capitalism?
The first criticism of Marx that must be noted is how he believed that capitalism is based on the concept of “exploitation” of wage labor. A lot of Marx’s criticism towards capitalism was based on how a capitalistic economy apparently treated their workers. Another specific criticism is that in capitalism the producer only produces things that the consumer(buyer)wants. His argument was that in communism this would not be the case and that instead the producer could make what he wants to make, not what the people who give him business in the first place want. This would not exactly be an effective business decision whatsoever. The way that the producer is able to make money is by making what his consumer(buyer)wants, because why else would the consumer buy from him? It is clear that Marx was not exactly the most economically sound person.
Marx was very critical of capitalism, and believed quite fully that capitalism was all bad and that it did nothing good towards the working class. This was completely regardless of the truth that the majority of the things that come along with capitalism actually makes sense, and are effective economically.