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Marx's Key Theories Overview

Jul 4, 2025

Overview

This lecture provides a comprehensive introduction to Karl Marx's key theories, focusing on historical materialism, class struggle, capitalism, exploitation, and the transition to communism.

Marx’s Method and Influences

  • Marx combined Hegel’s dialectical process (change through contradictions) with Feuerbach’s materialism (primacy of material reality).
  • Historical materialism is Marx’s method for analyzing how material conditions shape social structures and historical change.
  • Marx viewed the economic "base" as foundational, shaping the cultural, political, and ideological "superstructure."

Modes of Production and Class Society

  • Human societies began as classless, communal systems (primitive communism).
  • Class society emerged with slavery, evolving through feudalism (land ownership) and capitalism (ownership of production means).
  • Each mode of production creates its own class structure and inherent conflicts.

Capitalism: Key Characteristics

  • Capitalism is marked by private ownership, wage labor, mass production, and commodity exchange.
  • Workers (proletariat) sell their labor power to capitalists (bourgeoisie) who own the means of production.
  • Capital is not a thing but a process: money is invested to generate more money via commodity production.

Exploitation and Surplus Value

  • Value created by workers is divided into wages (necessary labor) and surplus value (appropriated by capitalists).
  • Exploitation is the extraction of surplus value from workers beyond their wages.
  • There are two types of surplus value: absolute (longer working hours) and relative (increased productivity).

Alienation under Capitalism

  • Alienated labor separates workers from the product, the process, their own essence (species-being), and from other people.
  • Alienation is a structural condition rooted in capitalist production.

Machinery, Technology, and Crisis

  • Machines raise productivity but reduce the need for labor, intensifying contradictions.
  • The "organic composition of capital" shifts toward more constant capital (machines) and less variable capital (labor).
  • This leads to the "tendency of the rate of profit to fall" and periodic crises of overproduction.

Capitalism, Colonization, and Globalization

  • Ongoing "primitive accumulation" (often via colonization) continually produces propertyless workers.
  • Capitalism expands globally, creating a division between wealthy (core) and exploited (periphery) nations.

The State, Revolution, and Communism

  • The state under capitalism serves bourgeois interests and cannot peacefully transition to socialism.
  • Communism aims for revolutionary change, abolishing classes, private property, and the state as a repressive apparatus.
  • Transition involves stages: lower communism (“from each according to ability, to each according to contribution”) to higher communism (“to each according to need”).

Key Terms & Definitions

  • Historical Materialism — Analysis of history focusing on material (economic) conditions.
  • Dialectic — Change through the resolution of contradictions.
  • Base and Superstructure — Economic structure (base) shapes and is shaped by culture and politics (superstructure).
  • Surplus Value — Value produced by workers but kept by capitalists as profit.
  • Alienation — Separation of workers from the products and processes of their labor, themselves, and others.
  • Primitive Accumulation — Ongoing process of transforming people into wage laborers.
  • Organic Composition of Capital — The ratio of constant (machines, raw materials) to variable (labor) capital.

Action Items / Next Steps

  • Review The Communist Manifesto for details on communist transition stages.
  • Study the concepts of surplus value, alienation, and historical materialism for deeper understanding.
  • Prepare for discussion on the relevance of Marx’s ideas today.