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Essay: BBC Masters of Money by Karl Marx

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  • Subject area(s): Media essays
  • Reading time: 2 minutes
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  • Published: 14 January 2020*
  • File format: Text
  • Words: 532 (approx)
  • Number of pages: 3 (approx)
  • Tags: Marxism essays

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After watching the documentary BBC Masters of Money- Karl Marx, it gave me an overall understanding of Marx’s approach on capitalism and how he perceived it on an economic basis. It is stated numerous times throughout the documentary that he did not support capitalism, and overall his best argument against capitalism was that it was unfair. The two classes that he believed were called the Bourgeoisie and the Polteritatiat. He suggests that society’s levels are the cause of struggle and that society should have no classes. Karl Marx believes that there is a sense of urgency and things cannot go on forever the way they are. It seems to be true that Marx is right in the sense that income inequality can be a source of tremendous tension. Capitalism and globalization can overall lead to an economic crisis. In the nineteenth century, capitalism was inherently unstable, and society had become increasingly unequal. Due to the inequality, the bosses and workers will always be at odds. It also explains how ordinary people do not have enough money to spend, which creates no profit for Bourgeoisie. The significant redistribution is moving towards capitalism (wealth). Karl Marx had this law of motion that he believed should be running through human history, and this is called historical materialism. This concept explains how there should be changes in the society that produce goods, but also adds the fact that there should be inter-relationships throughout the social classes and making organization into a whole. Solving crises was abolishing capitalism.
Marx was fully aware that Capitalism was also the most productive dynamic system in the history of humanity. The drive for profit would achieve incredible things. He got the global aspect and idea that people were able to get things in an entirely new way and the impact of that. Though he may have thought this was true, he knows that overall the downside of Bourgeoisie. He thought to himself, how can the Bourgeoisie be so brilliant but be doomed in the end? It was because of the mistreatment of their staff. This all came into perspective for Marx was when he saw that people were divided as to if they had private property or not. It permitted the higher class to force their workers to be in terrible conditions and terrible pay. In the end, his theory concluded that money had the power to ruin lives. I do not think change is possible, the reason for that is because it still happens today. For example, there are some people, including immigrants who work in horrible conditions, but cannot do anything about it because it is the only job that they can receive. The examples that I would say are working for construction or car washes. They can get paid the bare minimum, but still, capitalize on the company, and the owner is successful. Though capitalism can be seen as problematic, I do not see this changing anytime soon because it keeps the customer happy and to a capitalist, that is the only thing that matters. It matters more to them then the actual working conditions for the workers, the ones who make the profit for them.

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