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Assuming Karl Marx in Obama's position, How would the world Internationalization have been different

Presented by: Group 7

KARL MARX
(German) (1818-1883)

The worker becomes all the poorer the more wealth he produces, the more his production increases in power and range.
Marx, Economic and Philosophic Manuscripts (1844)

INTRODUCTION
Karl Heinrich Marx was born into a comfortable middle-class home in Trier on the river Moselle in Germany on May 5, 1818.
Founder of political / economic theory of socialism (communism) Considered the founder of the conflict perspective Wrote the Communist Manifesto and co wrote Das Kapital (with Friedrich Engels)

INTRODUCTION
Society, according to Marx, comprised a moving balance of antithetical forces that generate social change by their tension and struggle. Capitalism creates an economic system that results in people becoming members of one of two classes: proletariat (labourers/workers) and bourgeoisie (capitalists/owners of means of production). Key concepts: capitalists, social class, dialectics (thesis, antithesis, synthesis)

CURRENT SCENARIO
In favor of Free trade Globalization as a mean of survival Labor rights I will fight for a trade policy that opens up foreign markets to support good American jobs. Ill use trade agreements to spread improved labor and environmental standards around the world President Obama favors raising the minimum wage and indexing it for inflation. Affordable Care Act (ACA)

CAPITALISM AND LABOR THEORY


Marx argued that the only source of a firms profit is the labor it employs.
Machines without workers are useless. Workers without machines, on the other hand, are not useless because the workers can make the machines that they need to do their work. Therefore, in a sense, all production is done by labor. Income of capital is purely exploitation Advent of Human Resource

EXPLOITATION
When big firms become bigger and even more powerful, they try to boost their profits by increasing the pressure on workers to, for example, work longer hours, work for lower wages, etc.
Inapplicable in 21st century due to the advent of human rights association Example of Nike ( Child labor Example in India)

WEALTH AND RECESSION


Marxs explanation of recession:
Continual expansion of accumulation Capitalists seek for profit With increasing competition, profits fall down Unemployment increases, leading to a fall in national income

RECESSION
Causes of the recent recession:
Credit crunch Defaults in subprime mortgages Poor financial confidence Low house prices

MARX ON GLOBALIZATION- THE COMMUNIST MANIFESTO (1848)


The basic Globalization Problem -There is immense pressure on ordinary people, who find it difficult to resist the tendency of capital to migrate towards the lowest wages. Factories are being closed where labor is expensive and reopened where it is cheap.

Compete or die, workers are told, global capital has won.

MARX ON GLOBALIZATION- THE COMMUNIST MANIFESTO (1848)


You have destroyed the small monopolies so that the one great monopoly, property, may function the more freely and unrestrictedly (The Communist Manifesto)
globalization constitutes nightmarish society, manipulated by a tiny number of mega-corporations including Coke, Pepsi, McDonalds and Nike. KICK

THEM OUT.

You have civilized the ends of the earth to win new terrain for the development of your vile avarice. You have brought about the fraternization of the peoples but your fraternity is the fraternity of thieves (Marxs Capital, Volume 1,1867)
Put an end to trade agreements; nothing

comes here,

nothing goes there.

MARX ON GLOBALIZATION- THE COMMUNIST MANIFESTO (1848)


It is not a question of the higher or lower degree of development of the social antagonisms that result from the natural laws of capitalist production. It is a question of these laws themselves, of these tendencies working with iron necessity towards inevitable results. The country that is more developed industrially only shows, to the less developed, the image of its own future (letter to Vera Zasulich,1881) Preserve your culture, respect you norms, become.

say no to

multicultural societies that the United States has

MARX ON GLOBALIZATION- THE COMMUNIST MANIFESTO (1848)


The new world of debt, is emerging in which the

majority of states find their policies decided by international bodies, the regional development banks, the World Bank and the IMF.

Let the state government do that, please? Wake your central bank UP!

Thanks