Question

briefly explain the karl marks theory of socialism​

Answer 1

Answer:

Karl Marx was a communist who introduced the concept of socialism.

Karl Marx’s Theory:

He felt that the industrial society belonged to the capitalists.

Capitalists owned the capital invested in industries, but the profit was produced by workers.

He believed that the condition of workers would never improve, as long as profit is taken by the capitalists.

Marx believed that to free themselves from the capitalists’ exploitation, workers had to form a socialist society where all property was socially controlled.

This would be a communist society

Answer 2

Answer:

Karl Marx described a socialist society as such: The same amount of labor which he has given to society in one form, he receives back in another. Socialism is a post-commodity economic system and production is carried out to directly produce use-value rather than toward generating profit.

Explanation:

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