डिस्क्राइब द सोशलिस्ट आइडिया सॉन्ग सोसाइटी ऑफ कार्ल मार्क्स एंड
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Karl Marx described a socialist society as such:
What we have to deal with here is a communist society, not as it has developed on its own foundations, but, on the contrary, just as it emerges from capitalist society; which is thus in every respect, economically, morally, and intellectually, still stamped with the birthmarks of the old society from whose womb it emerges.
Accordingly, the individual producer receives back from society – after the deductions have been made – exactly what he gives to it.
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. The accumulation of capital is rendered insufficient in socialism as production is carried out independently of capital accumulation in a planned fashion. However, there have been other concepts of economic planning, including decentralised and participatory planning. One of Marx's main manuscripts is a posthumous work called Grundrisse, published in 1953.