Forum Discussion on Marxism

Question: Discuss about the Forum Discussion on Marxism. Answer: Introduction Karl Marx lived in the 19th Century, an era that is very different from ours. It was the time when the major existing features of the society were beginning to take shape. Some of the vital theories of Karl included labor theory of value or the theories of profit. These have pertained to be outdated in the recent time in the new version of capitalism that is characterized by low wage rate and increased productivity (Stolze 1998). The intellectual conceptions and the collective economic change can be easily agreed with the fact that the actual concept of Marxism has completely lost its relevance in the recent time. Industrialization and globalization has brought the changes in this concept. Contribution of women in work had been considered as non-paid work. If the recent situation is considered, there is no doubt that girls and women have been doing better than boys and men in every field starting from school and education life to even the work life (Stolze 1998). In 1950, only one-third of the working women used to do paid jobs but the percentage of paid working women has been increasing since then (Sofronov et al. 2008). The situation is evident all over the globe in countries like Italy, Japan and the major developed nations like UK and US. There are misleading talks of womens entry in the work force but that does not going to change the actual situation of economy and societal condition. The concept of Marxism shall help to understand the workplace situation because Marxism is related to productivity and economy of business. In the recent time, production of goods and knowledge accompanied with skills has transformed the utopia of the earlier thinking related to work culture. Marx has significantly helped to create a vision of communism out of human and technological possibilities considering the changes in priorities in the society. Projecting the concept of Marxism from the past to the future, one shall be able to analyze the link between the economic and societal pattern in the work culture. This way the work environment can be easily understood. References: Sofronov, V., Jameson, F., Amariglio, J. and Madra, Y.M., 2008. The theory of Marxism: Questions and answers.Rethinking Marxism,20(3), pp.367-384. Stolze, T., 1998. Deleuze and Althusser: Flirting with structuralism.Rethinking Marxism,10(3), pp.51-63.