Question

Elaborate karl marx as the socialist thinker​

Answer 1

Socialism is a post-commodity economic system in which production is done to directly generate use-value rather than profit.

Explanation:

• In his own words, Karl Marx described a socialist society, "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."
• After deductions, the individual producer receives back from society precisely what he offers to it. What he has contributed to it is his personal amount of work.
• For example, the social working day is made up of the aggregate of individual hours of work; the individual labour time of the individual producer is the portion of the social working day that he contributes to, his share of it. He obtains a certificate from society stating that he has provided such-and-such an amount of work (after subtracting his labour for the common finances), and with this certificate, he pulls the same amount of labour cost from the communal stock of means of consumption.
• He receives back the same amount of work that he has provided to society in one form.