What economic philosophy did Karl Marx promote?

Answer 1

Which of the following ideas did Karl Marx believe?

A. Factory owners should have most of the wealth.B. Workers should run the factories to make their lives better.C. Workers shouldn't use force to get what they wanted.D. Workers and owners would cooperate for profit.

Answer 2

Karl Marx had more than one idea. Perhaps his most famous was "from each according to his ability, to each according to his needs".

Without a doubt, Marx's "Idea" is what he called "Dialectical Materialism." This means that the mode of production (the materialistic part) in place at any one time in history creates the economic and political system. Other forces, such as sociological ones, play a part, but are not as important as the materialistic force. As an example, as the mode of production changed from agrarian to industrial, the type of society went from feudal to capitalist. Note that the term "mode of production" is to be distinguished from the term "means of production" in Marxian theory.

The phrase referred to above was what, in his opinion, the motto of a true communist society would be. So far we have not ever seen a true communist society in all of recorded history.

Answer 3

Karl Marx viewed the economy as exploitation of the common laborer. In response, he created the Communist Manifesto which advocated for a government to allocate resources to meet economic needs equally.

Answer 4

Karl Marx promoted the economic philosophy of communism, which advocates for the collective ownership of the means of production and the elimination of social classes through a classless society. He believed in the redistribution of wealth and resources to achieve equality among all members of society.

Answer 5

Communisim it was an new political system which revolves around socialisim