Question

Explain the concept of Karl max about socialist society

Answer 1

Karl Marx (1818-1883) and Friedrich Engels (1820-1895) added other ideas to this body of arguments. Marx argued that industrial society was ‘capitalist’. Capitalists owned the capital invested in factories, and the profit of capitalists was produced by workers. The conditions of workers could not improve as long as this profit was accumulated by private capitalists. Workers had to overthrow capitalism and the rule of private property. Marx believed that to free themselves from capitalist exploitation, workers had to construct a radically socialist society where all property was socially controlled. This would be a communist society. He was convinced that workers would triumph in their conflict with capitalists. A communist society was the natural society of the future.
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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'.