Marx's Theory Of Alienation Essay

1019 words - 4 pages

Marx's theory of alienation has to do with the separation of things that logically belong together. According to Marx, alienation is a universal result of capitalism. Marx's theory of alienation is based upon his observation that, within the capitalist mode of production, workers consistently lose determination of their lives and fates by being deprived of the right to envision themselves as the administrator of their actions. Workers become autonomous, self-realized people, but are lead and diverted into goals and activities set down by those who have power. Alienation in capitalist societies takes place because the worker can only express this basic social aspect of individuality through a production system that is not communally, but privately owned (Marx, 2007).
When applying Marx’s theory of alienation to the current issue of income inequality in the global world one can see how it is possible that capitalism has led to the issues at hand. Although not a new phenomenon, globalization is on the rise, and with that, the concentration of authority among few multinationals. By the early 1990’s, the world market share of the top five companies in each industry amounted to almost seventy percent for consumer durables and fifty percent for automotive, airline, aerospace, electrical, electronic and steel industries. During this time world economic output traded between countries rose from around nine percent in 1965 to nineteen percent in 1992. Nevertheless, seventy percent of world trade is controlled by around five hundred corporations. A major concern when dealing with globalization in general, is the pressure that this phenomenon puts on nations to alter their customs, norms, and social values (Liard-Muriente, 2005).
The argument that globalization income inequality rests on the idea that the labor/capital balance of power is a key determinant of income inequality. A lot of people take for granted the notion that labor strength reduces inequality. Cross-national work shows that globalization weakens labor by creating a global labor pool. Regional integration and globalization often are joined in academic and popular discussion because both entail the strengthening of economic, political, cultural, and social flows that cross national boundaries. There are three key distinctions between these regional integration and globalization. First, regional integration is geographically bound. Globalization is frequently defined as the strengthening of cross-border flows, and the borders crossed are any national borders. Regional integration also involves the strengthening of international interaction within bounded regions. The geographical boundaries of regional integration is pertinent to the effect of economic integration on income inequality because political institutions and human capital stocks should be more comparable within than between regions, creating more powerful market competition within than between regions (Beckfield,...

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