Discuss the four contradictions of capitalism

Question

that led Marx to conclude that capitalism would eventually unravel and assess whether or not there are modern examples that support his theory.

What will be an ideal response

Answer 1

Answer: Introduction that clearly takes position on theory (5 points).
Body that includes a paragraph with examples on each contradiction (5 points each for a total of 20 possible).
1. The growing divide between owners and workers. Possible examples include the gap between the rich and the poor in countries around the world.
2. A continual crisis of profit for owners. Modern examples could include companies shifting labor to other countries, etc.
3. Workers driven to the level of subsistence. Possible examples include the difficulty workers have in making ends meet such as current housing crisis, food prices, gas hikes, the decline of the middle classes, etc.
4. Greater solidarity and class consciousness among workers. Current examples could be food riots around the world, protests at global economic summits, etc. Counter examples could include the collapse of union power, etc.

Conclusion that restates main position and ties to other concepts in the chapter (5 points).
Sernau points out many aspects of capitalism that have been positive and negative across the globe, so at some point the student should address the counter argument while they support their own position.