Explain Marx's 'general law of capitalist accumulation' and discuss Essay

Explain Marxs general law of capitalist accumulation and discuss its contemporary relevance - Essay ExampleMarxs earliest writing reflected a critique of the relationship between civil society and the state and progressively builds up to his dire prediction that capitalist economy would result in the rise of working class/working class and the ultimate reversal of fortunes as expressed in The General Law (Gurley, 1980). Ultimately, Marxs The General Law predicts that capitalism would grow and blow up to a point of self-destruction (Marx & Engels, 2007). The 2008 global financial crisis can therefore be seen as an example of the contemporary relevance of The General Laws contention that capitalism would eventually dig its give birth grave by overproduction, greed, exploitation and alienation. This paper examines The General Law and its contemporary relevance. In order to stupefy The General Law in its proper perspective, this paper will first appoint and examine Marxs political i deas culminating in The General Law and identify its contemporary relevance throughout. ... 187). For Marx, as reflected in The General Law and earlier writings, the forces of production, historical materialism and social relations would create conflicts which would lead to destruction quite a than reconciliation (Elliot, 1978-78, p. 148). The 25 year old Karl Marxs response to Hegels Der Philosphie des Rechts (Philosophy of Right) provides some insight into how Marx would eventually come to view the destructive forces of capitalism in The General Law. Marx honed in on Hegels political science (Jackson, 1990, p. 799). In this regard, Hegel defended the state and its constitutional structures claiming that this amalgamation of power was necessary for order in civil society (Depew, 1992, Chapter 2). Marx was quick to point out that the constitution should be nothing more than a reflection of mans consciousness and this could only when be accomplished if man was the principle of the constitution (Marx, 1977, p. 20). Marx (1977) also sets the stage for the articulation of his critique of capitalism in The General Law and in general. Marx (1977) criticized Hegels reference to the state is far too abstract and that Hegel seems to forget that the states activities are carried out by man and reflects mans own social qualities. According to Easton (1981), Marx was setting up his later argument that the state was nothing more than an instrument of control by the ruling classes. This argument would aviate into the neo-Marxist contention that the state was commandeered by those with economic leverage (Nordinger, Lowi, & Fabbrini, 1988, p. 875). The significance of economic gain in the ordering of society is a major theme in The General Law and the idea of economic