explain the main ideas of Karl Marx on socialism
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As a result of the revolution, Marx predicted that private ownership of the means of production would be replaced by collective ownership, first under socialism and then under communism. In the final stage of human development, social classes and class struggle would no longer exist.
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Karl Marx described a socialist society as such: ... The same amount of labor which he has given to society in one form, he receives back in another. Socialism is a post-commodity economic system and production is carried out to directly produce use-value rather than toward generating profit. Marx believed that history moved in stages: from feudalism to capitalism, socialism, and ultimately communism.
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