Evaluate the strengths and weaknesses of Marx's analysis of capitalism. Marx's explanation of capitalism is a widely recognized theory in a political, economic and social sense. His analysis of capitalism aims to explain how individuals allocate themselves and their resources to meet their basic human needs. According to him, the production of goods can be characterized by two main characteristics: forces of production and relations of production. Forces of production refer to the ways in which people satisfy their needs, this includes: land, labor and capital and the relations of production, which refer to the social relations that dominate the productive capabilities of a society. He distinguishes between the masses called the "proletariat", who produce goods for the benefit of a dominant class of capital owners, the "bourgeoisie", and receive a wage in exchange for their work. Marx explains that the bourgeoisie nevertheless exploits the work of its employees by paying them wages lower than the market value of the goods they produce in order to make a profit and allow future investments. Marx states that the forces of production give rise to a set of social relations that result in conflict between the proletariat and the capitalists is in the nature of capitalism. Profits and investments allow the bourgeoisie to continually accumulate capital and become more and more powerful. Furthermore, competition between capitalists makes the bourgeois group increasingly smaller, and an ever greater part of society will become part of the proletariat group. Consequently, society would then be characterized by a very small number of capitalists exploiting and oppressing a large number of poor proletarians. He also believes that as r...... middle of paper ......inevitable triumph of the proletariat and then stop, even if history proves that class struggle exists, there have been no signs of a global revolution. Another flaw is the assumption that this would happen first in more advanced economies as the final stage of capitalism, however it has only been detected in less developed economies such as Russia and China. According to Marx's analysis, he argues that developed democratic countries will adapt a communist approach, but it is clear that most countries today still live according to capitalist approaches. He claims that capitalism will be eradicated and replaced by communism, but in reality capitalism still exists. Capitalism may, however, be different from how it was seen in Marx's time. This is because capitalism has adapted and evolved from Marx's analysis, but it certainly still exists. Marx's analysis fails