For this essay, I am going to write on Mark Weber (1864 - 1920) and Karl Marx (1818 -1883) on their development of industrial capitalism.

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Introduction

For this essay, I am going to write on Mark Weber (1864 – 1920) and Karl Marx (1818 -1883) on their development of industrial capitalism.

The extending of industrial economies from the major states of Western Europe and the USA continued, and they became more widespread by industrial manufacturing. The division of labour that these theorists stressed on reached its peak in the development of mass production.

Marx was a revolutionary who was against capitalism and actively promoted its overthrow. While Weber on the other hand, was a conservative liberal, anxious to preserve both freedom of the individual and the sanctity of the German state. The works of both theorists do not form a coherent whole but is rather a collection of disparate, and sometimes incompatible, themes and ideas. (Grint, 1998)  

The surfacing of industrial capitalism can be followed back to two likely ways; the first being producers developing into industrial entrepreneurs from craftsmen and secondly, those in employment by merchants involved  in the production process by ruling the producers through the trade of raw materials and finished goods from suppliers to retailers and wholesalers. In Western Europe, the foremost of these was of vital significance in its early developments. The minute producers began producing on larger scales using wage labour, with the combination of commercial and productive functions.

Industrial capitalism is the combination of industrialism; a social system and capitalism; an economical system for which otherwise, would never have become known. “Industrialism can be said to be a social system in which large industries play highly significant roles” (Stanlake et al 1995). It is considered as the evolution of an economy based on agriculture to a capital-intensive and greater specialised economy. During the eighteenth and nineteenth centuries, this was termed as the “industrial revolution” in both North America and Western Europe.  While capitalism is a technique of organising the economy in order to produce goods and services. Where the means of production are under the management of private ownership rather than being run by the state, primarily for profit making.

The nature of industrial capitalism can be worked out from the definition of the two systems where “large scale or complex machine or associated technique is widely applied to the pursuit of economic efficiency on the basis whereby the capacity of work of the members is sold to others who control and organise it in such a way that the latter groups maintain relative advantage with the regard to those resources which are scarce and generally viewed. (Watson, 1995).

Industrialism

The modern world has been shaped and developed by the industrial society. Industrial capitalism resulted from a combination of the industrial spirit with capitalism. Weber and Mark have some similar views on the when examining this issue.

Marx believed that the industrial society was really a capitalist society. He termed money as the object per excellence (ibid) being that with its possessions, it can be used for purchasing everything. He added, saying that “what I as a man unable to do; what therefore my individual faculties are able to do is made possible for me by means of money” (ibid). Marx points out that the consequence of his approach to a market economy based on cash was encouraged by individual pursuit of self interest, leading to economic expansion which in turn brought about alienation of mankind. So the alienation theory of Marx and the Iron Age theory of Weber which will be looked at later are both products of human labour which sheds light on self-actualisation as Marx suggested. He did not overlook the fact of the existence of a conflict between social and economic classes, which would promote an awareness of common interest among groups in similar economic position.

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But in the case of Weber, he saw the European civilisation as representing a unique form of social organisation, which he termed the ‘modern industrial capitalism’. (Burns, 1969). He linked the rise of modern industrial capitalism to what he felt to be a main feature of western civilisation. Weber saw this civilisation as characterised by the spread of rationality, which in his own words defined as “the criterion that involves submitting actions to constant calculative scrutiny and produces a continuous drive towards change” (Watson, 1995). This rationality was one of mankind’s greatest accomplishments but also, to Weber it stands ...

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