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According to Karl Marx capitalists paid their workers just enough to keep them alive and working. The difference between the wages paid to create products and the price the capitalists received from the sale of these products would create the wealth of the capitalists.

A society's government would be controlled by the capitalists and not do anything to improve the lot of the working classes. If there were labor unions pledged to increase the wages of the workers they would be controlled by the government. Labor union strikes would either be outlawed or crushed by the capitalist government.

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10y ago
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1mo ago

Karl Marx believed that competition and the pursuit of profit within capitalist societies would lead to exploitation of workers, economic inequality, and alienation. He argued that these forces would ultimately create social conflict and push towards a revolution to establish a more equitable and just society.

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9y ago

Karl Marx would have defined profit as the result of surplus value appropriated from labor. Marx was a German philosopher who lived from 1818 to 1883.

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Q: What did Karl Marx say competition and profit will do?
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Did Karl Marx say that the government should encourage competition between businesses?

It was Adam Smith, not Karl Marx, who said that government should encourage competition between business. In a (theoretical) communist society there is no competition because everyone works solely for the common good.


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Who was smarter Karl Marx or Friedrich Engels?

It is difficult to definitively say who was smarter between Karl Marx and Friedrich Engels, as intelligence is subjective and multifaceted. Both Marx and Engels were influential thinkers in the development of Marxist theory, with Marx contributing more to economic and philosophical works while Engels provided practical and literary support. Their collaborative efforts were essential in shaping the communist ideology.


What did Karl Marx had to say about child abuse?

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In which book did Karl Marx say history repeats itself as tragedy then as farce?

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What did Karl Marx say about surplus value?

Karl Marx used the term of surplus value in his analysis of the economics of his time. For Marx, capitalists exploited workers by paying them just enough to keep them alive and working. He saw workers' wages as just above the subsistence level. Marx believed that the difference between wages paid to workers and the price of the goods they produced was "surplus value". Marx did not see factory owners contributing anything towards production. The surplus value created by the process described above the capitalists took as profit for themselves. The key to this was that Marx saw a time when the workers could not afford to purchase the goods they produced. Production led to over production and brought on depressions.


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