How did marx define capitalism?

Answer 1

Marx defined capitalism as an economic system characterized by private ownership of the means of production and the exploitation of labor. In this system, capitalists (owners) generate profit by employing workers, who sell their labor for wages. This relationship creates a fundamental conflict between the interests of the capitalists, who seek to maximize profits, and the workers, who strive for fair compensation and better working conditions. Marx argued that this inherent conflict ultimately leads to social inequality and class struggle.