Marx’s theory of alienation suggests the effects of capitalist production on man, mental state, and the social processes in which they are part. Capitalism refers to a product type where a business owner hires employees and pays them for the business’s services. There are private property rights in capitalism, accumulation of more wealth and re-investment, market competition, and free markets. In a more straightforward definition, alienation theory by Marx argues that, in this system, a worker participates in the production of goods, then afterward they are made to feel these goods that they produced are foreign products.
Alienation theory is essential in my opinion because it pushes someone to work hard and know the value of their labor. Since somebody works for a production company, it should not guarantee them to use whatever they produce freely. There is always a production cost, so the business owner will want to gain something from whatever they invested. Alienation should therefore be upheld to enable everyone to work hard to acquire whatever needs they may have. It will also ensure that the company owner does not count losses.
This project will discuss why capitalist ideology is an essential tool in the production chain. It will focus on the reasons why an economy needs to uphold alienation to succeed.