Who was Karl Marx what was it's theory of socialism
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Karl Marx was a communist who introduced the concept of socialism.
Karl Marx’s Theory:
He felt that the industrial society belonged to the capitalists.
Capitalists owned the capital invested in industries, but the profit was produced by workers.
He believed that the condition of workers would never improve, as long as profit is taken by the capitalists.
Marx believed that to free themselves from the capitalists’ exploitation, workers had to form a socialist society where all property was socially controlled.
This would be a communist society.
Hope it helps u ☺️☺️☺️
Karl Marx was a socialist. He argued that industrial society was capitalist. Capitalists owned the capital invested in the factories, and the profit of capitalists was produced by the workers.He said that workers had to overthrew capitalism and the rule of private property.He believed that to free themselves from capitalist exploitation, workees had to construct a radically socialist society where all property was socially controlled. And also he said that a communist society was the natural society of the future.