Question

Explain the Karl max class theory

Answer 1

Karl Marx's Theories: Class Differentiation and Revolution, Socialism & Capitalism. In this lesson, we will discuss the difference between socialism and capitalism, how Karl Marx believed that social class dictated one's social life and who were the bourgeoisie and proletariat.

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'.