Capitalism

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Marx described capitalism as producing tremendous wealth by drawing workers into industrialized cities. But he also said that capitalism left workers alienated and perpetually poor, channeling most of the benefits of their productivity to their employers. For this week’s assignment, your job will be to assess whether Marx’s characterization was accurate.

Instructions

In a new word document, please answer each of the following questions in your own words:

  1. Do this week’s videos give us grounds for rejecting Karl Marx’s theories? Why or why not?
  2. How might a devoted Marxist respond to Milton Friedman’s optimism about the global capitalistic economy? Would this response be correct?

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