What were Karl Marx economic beliefs?

Answer 1

Karl Marx believed that capitalism was tearing us apart and that we needed to change to a communist nation, where we all get the same pay and there is no owning private property. He thinking life would be better without the use of money because he once said "I do not like money, money is the reason we fight."

Answer 2

Karl Marx believed in the labor theory of value, which states that the value of a good or service is derived from the amount of labor required to produce it. He also argued that capitalism exploits workers by extracting surplus value from their labor, leading to inequality and economic crises. Marx advocated for a socialist society where the means of production are owned collectively to achieve a more equitable distribution of wealth.

Answer 3

Take money/goods from the rich and well-to-do, and give it to the poor people, more or less.

This is the greatest philosophy of government that I know of . . . well, other than it cannot possibly work, even though President Obama is giving it a try.

The reason that the USA has a free-market system (Not meddled in by big government) is that people's built-in instinct to compete and survive (OK, 'Greed', then) creates a situation in which everyone benefits from the jobs that are created and the resulting cashflow which trickles down to the least well off.

The reason that Marxism/Communism failed in the USSR was that the 'rich' no longer had any reason to earn money, so they let their businesses dwindle and fail. Stalin's directive for their national government to take over private farms, for instance, resulted in years of famine and starvation for the entire country - government is not well-suited to replacing the private owner.