Question

Briefly explain the view of karl Max on the view of Capitalism

Answer 1

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Marx claimed that capitalism was nothing more than a necessary stepping stone for the progression of man, which would then face a political revolution before embracing the classless society. Marxists definecapital as "a social, economic relation" between people (rather than between people and things)...


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Answer 2

The Industrial revolution led to the establishment of new industries and labour union. There occurred marked changes in technology and production process. The ideas put forward by Karl Marx are rooted in these changes.Marx gave importance to the role of labourers in the production process. He maintained that the basis of production is the manpower of labourers and that the price of a product is the reward for it. However, the laboures get only a portion while the lion's share goes to the capitalist as profit. Marx calls this surplus value. He dreamed about a society where there is no difference between the ''haves'' and the ''have-nots''. The ideas of Marx are contained in his magnum opus 'Das Capital'.