Explain the concept of Karl Marx about socialist society.
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Answer:
As per Karl Marx, a socialist society is one in which there is no divide between the rich and poor. He also advocated that people who work for landowners must get the land of their own so that they can produce for themselves. This can bridge the divide between the haves and have-nots.
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Explanation:
What is the concept of Karl Marx about socialist society?
Answer : Karl Marx's (1818-1883) concept about socialist society was that industrial society was capitalist. ... He wanted the whole society to have common control over the means of production, i.e. all production units should be nationalised.
The Marxist definition of socialism is that of an economic transition. In this transition, the sole criterion for production is use-value (i.e. direct satisfaction of human needs, or economic demands), therefore the law of value no longer directs economic activity.
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