Question

describe the theory of Karl Marx

Answer 1

I hope it helps you

Answer 2

Karl Marx was a social thinker who believed in the principle of socialism. He argued that the industrialists and capitalists who own the factors of production earn profits because of the hard work put in by workers. The capitalists pocket the profits and do not share it among workers. Marx advocated that the working class will remain poor and their condition will not improve until and unless profits are shared by industrialists. He believed that industrialists will not readily share their profits with workers. The latter thus have to free themselves from the exploitation of industrialists by establishing a radical socialist classless society where all industries and  property are owned by the state.