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How might the working conditions in mines and mills have led the new industrial working class to support socialism?
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IN WHAT do capitalism and socialism differ?
Capitalism allows for more freedom for businesses than socialism does
What would be considered a compromise between capitalism and socialism?
There can be no such compromise, as Socialism and capitalism are completely distinct systems. Socialism means a classless stateless society based on production for use, while capitalism has a class division and production for profit.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
How can capitalism and socialism be compared?
Capitalism and Socialism can not be compared, because they are two complete different ideas that do nothing but conflict with each other.
How do the thoughts of these revolutions lead to capitalism laissez-Faire socialism and communism?
Carl Marx believed that through a Communist revolution, the working class proletariat will release themselves from the bonds of capitalism and move towards communism, often using laissez-faire socialism as an intermediate stop on the way to full communism.
What was Marx transistion from capitalism to communism?
Marx talked about the dictatorship of the proletariat as the transition between capitalism and Communism. This just meant the working class taking temporary control of the state and using it as part of the changeover to a classless society.
What ways do socialism and capitalism differ?
Capitalism allows for more freedom for businesses than socialism does
What does capitalism depend on?
The profit motive and the exploitation of the working class.
In what way do capitalism and socialism differ?
Capitalism allows for more freedom for businesses than socialism does
Are Karl Marx's ideas reasonable in todays world?
No. For all the theorizing Marx did that the excesses of capitalism would lead to its own destruction, usher in an era of socialism and eventually improve the plight of the working class, Marx has been proved wrong. Capitalism is still flourishing even in so called socialist and communist countries. The situation of the working class has actually improved with better working conditions, minimum wage scales and limits on the standard length of a typical work week. A large "middle class" that Marx disregarded as neglible then emerged and lessened the level of "oppression" of the working class by the upper class.
What was Karl Marx's solution to capitalism?
Karl Marx's view was that over the course of many decades capitalism would develop and mature and eventually it would become a burden to humanity in that it would no longer be viable as a system. When this time came, the working classes would organize politically and overthrow capitalism and establish a socialist state that will repress the former ruling class, the capitalists, and would rule on behalf of the working class and establish socialism. As time progressed socialism too would develop and eventually blossom in the shape of communism, a classless world without war, poverty and racism.
