Marx And Engels On Capitalism - 896 Words

Friedrich Engels was born 1820, to a very rich, Pietist family in Barmen. Engels was a social scientist, political theorist, author and philosopher. Engels actually lived only 100 miles away from Marx. Engels family owned a business which was an international textile-manufacturing firm, in which he eventually became a part of. During his time in his family business, Engels became extremely fascinated in the conditions of factory workers. Engels, along with Marx, were the founders of Marxist theory. Engels and Marx shared a lot of their ideas on capitalism. Along with being the founder of Marxist theory, Engels also co-authored The Communist Manifesto, as well as some others. Marx and Engels worked together in trying to make people really†¦show more content†¦Marx and Engels were able to work together so much because their views were fundamentally the same. They did not believe that the capitalist economy would help a society develop, due to the unbalance in power between the Proletarians and the Bourgeoisie. Marx and Engels would heavily advise President Obama to get rid of such a capitalist economy. In order to explain such unbalance of power Marx and Engels would say to the President, â€Å"Modern Bourgeoisie society with its relations of production, exchange, and of property, a society that has conjured up such gigantic means of production and exchange, is like the sorcerer who is no longer able to control the powers of the nether world who he has called up by his spells† (Cahn, pg. 881). It is apparent that in moving jobs and corporations overseas, only the rich are benefiting from it. American’s are losing jobs simply because someone made the decision that it would be smart to move jobs and corporations overseas. These large corporations that have moved overseas are only interested in one thing, and that is to receive cheap labor. All the revenue that is acquired is simply going to the rich, rather than going to where it is needed, a nd as a result, that is why jobs for Americans are decreasing. Marx and Engels would argue that the Bourgeoisie cannot simply act without altering the means of production, therefore they negatively