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Essay / The capitalist system in business - 1311
Marx and Engels wrote extensively in Wage and Capital devoted to the struggle between capital and labor which leads to the inevitable internationalization of the capitalist system. Marx foresaw the errors and flaws of capitalism itself. In his writings, he highlights these flaws in the contradictory characteristics of capitalism that "capitalism contains the seeds of its own destruction." At the time they wrote in the Communist Manifesto, capitalism was still as they had conceptualized it. be at that moment. They saw how the European discovery of America, and even more so with the industrial revolution of Britain and other capitalist countries, presented the characteristics of an inevitable expansion of the capitalist system. They had recognized these models which were driven by the competitive nature of capitalism and had seen the eventual internationalization of capitalism. The Rana Plaza incident was, in part, the result of the deteriorating political and economic situation in Bangladesh itself. However, Marx and Engels' positions on global capitalism and the struggle between capital and labor can be used to analyze the characteristics of the incident and draw from the classical theory of contemporary problems. In North America, jobs have become scarce and unemployment has skyrocketed, as factories and producers of goods are outsourced to underdeveloped and developing countries. The capitalist relationship between capital and labor is the cause of this movement of giving local jobs to workers who will work for lower wages. Marx and Engels' article in Wages, Labor and Capital explains the capitalist system as they saw it. in 1849. However, the medium of paper continues to rule global capitalism, as the capitalist continues to expand and accumulate more capital. However, cost reductions in the clothes we wear come at a high price for Bangladesh's garment workers. The exploitation of vulnerable workers in a country beset by structural problems and the unfulfilled global expansion of capitalists results in disasters like that of Rana Plaza. The globalization of the capitalist system was mentioned by Marx and Engels. The flaws in the capitalist systems that would lead to its eventual downfall appear to be true after Rana Plaza. The resentment of those who profit from their suffering; the government, factory owners and Western retail chains provoked riots and demands for compensation. However, until the system is overturned as a whole, the dire working conditions of Bangladesh's garment workers will remain..