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Capitalism was self destructive. It allows exploitation of man and when they realise this he will revolt against the system!
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What were Karl Marx's predictions about capitalism?
Marx had an idea of what will happen will capitalism 1.Workers get tired of their working conditions and refuse to work 2. workers will revolt and take control of the factories 3. Continue to produce goods, but everyone gets a fair share of pay 4. Everyone gets paid the same 5. no more need for government
What were the names of the economists who felt that the unfair distribution of resources would lead to the down fall of capitalism?
Communists
Will capitalism ever fall?
When the economy collapses to the point where men and women go hungry there will be a revolution.
What did Karl Marx believe about capitalism?
Karl Marx believed that capitalism through industrialization had increased the productive capability of the world's economy far beyond that ever witnessed before. Nevertheless, he also felt that capitalism created two competing classes of people. One, was the bourgeoisie who owned and controlled the means of production and hired wage laborers. The other was the proletariat, who were common workers who owned nothing but the right to sell their own labor. Capitalism's very nature would ensure that eventually, these classes would struggle against one another to the point where the class of workers would get large enough and oppressed enough that it would overthrow the bourgeoisie, seize the means of production from it and end the economic system known as capitalism. The system of socialism would be ushered in and gradually evolve into pure communism.
What is an example of a capitalist country or state?
The country most identified with capitalism and its development is the United States of America. As one of the main examples of a non-monarchial industrial republic, its society developed around entrepreneurs and corporations rather than aristocracy.
When marx wrote the communist manifesto he predicted what?
The fall of multi-class capitalism and its replacement with single-class communism.
What were Karl Marx's predictions about capitalism?
Marx had an idea of what will happen will capitalism 1.Workers get tired of their working conditions and refuse to work 2. workers will revolt and take control of the factories 3. Continue to produce goods, but everyone gets a fair share of pay 4. Everyone gets paid the same 5. no more need for government
What were the names of the economists who felt that the unfair distribution of resources would lead to the down fall of capitalism?
Communists
Why did Karl Marx believe that capitalism would fall?
Karl Marx believed that the collapse of capitalism was inevitable because it had within itself the flaws that would destroy itself. The basic flaw was that the type of capitalism that modern industrialization created cause two separate social classes to form. These were the bourgeoisie, who were the owners and controllers of the means of production, and the proletariat, who were the common workers. These classes were naturally at odds with one another and as capitalism grew, it would create more and more common laborers until they would so outnumber the bourgeoisie and be so tired of oppression that it would revolt against the bourgeoisie and overthrow it as the dominant class. Marx felt this would happen no matter what was done to stop it. Capitalism has not destroyed itself, not entirely and not yet, though many economists, even conservative economists, are beginning to opine that the redistribution of wealth from the many to the wealthiest few is behind the current global economic crisis, as a consumer-driven economy ceases to function when money no longer circulates. This leads to the loss of jobs, the erosion of the middle class, and greater unemployment, to name a few outcomes. The current Occupy Wall Street movement and its counterparts in more than 80 countries and more than 200 cities worldwide on October 15, 2011, are symptomatic of capitalism consuming itself, like an ouroboros consuming its own tail. The European Union faces severe economic difficulties, Greece faces the very real possibility of defaulting on its debts, and the eurozone and the euro itself may become casualties. However, back in 1921, Vladimir Lenin resorted to capitalism to help save the dying Soviet economy by instituting the New Economic Policy, suggesting that his version of a communist economic model was not functioning sufficiently well to survive on its own. Today, most of the world's economies are hybrids of capitalist and socialist economies. Marx's "proletariat" may be said to never have come about because capitalists were astute enough to preserve their positions by improving some conditions of the workers (like fewer hours, higher pay, unions etc) so that they never became the politically aware "proletariat" he thought capitalism would create. However, the OWS marches and their counterparts worldwide suggest that the sleeping giant of the proletariat may, indeed, be awakening.
What are differences between Adam smith and Karl marx?
Adam Smith was a proponent of capitalism and believed in free markets, individualism, and the invisible hand of the market. Karl Marx, on the other hand, was a socialist who believed in the abolition of private property, the redistribution of wealth, and the eventual establishment of a classless society through revolutionary means. Smith focused on the importance of economic self-interest, while Marx criticized the exploitation of labor by capitalist owners.
What was one indicator that not all Marxists had faith in the inevitability of a workers' revolution?
A true believer in the Marxist proposition, that through the natural process of class struggle, a socialist workers' revolution was an inevitable consequence of the evils of capitalism. A true believer then would not need to "jump ahead" of the scientific proposition that in due time, capitalism would fall prey to its own evil devices.As history has recorded. Lenin, Trotsky and Mao Za Dong clearly doubted the primary elements of Marx and Engels.In fact by "pre-empting" the natural process exposed by Marx, they endangered the chance that a dictatorship of the proletariat would ever come to pass.
Was Karl Marx a free market theorist?
No, Karl Marx was not a free market theorist. He was a critic of capitalism and believed in the abolition of private property and the establishment of a classless society through a socialist revolution. Marx argued that the free market led to exploitation and inequality.
What is the definition Dictatorship of the proletariat?
According to Marx's theories, capitalism would be overthrown by a revolution of the landless working classes (the proletariat), and a dictatorship of the proletariat would result, in which the proletariat seized power and the means of production. This was not communism but the next step in the historical evolution which Marx believed would lead to communism.
Will capitalism ever fall?
When the economy collapses to the point where men and women go hungry there will be a revolution.
What did Karl Marx believe about capitalism?
Karl Marx believed that capitalism through industrialization had increased the productive capability of the world's economy far beyond that ever witnessed before. Nevertheless, he also felt that capitalism created two competing classes of people. One, was the bourgeoisie who owned and controlled the means of production and hired wage laborers. The other was the proletariat, who were common workers who owned nothing but the right to sell their own labor. Capitalism's very nature would ensure that eventually, these classes would struggle against one another to the point where the class of workers would get large enough and oppressed enough that it would overthrow the bourgeoisie, seize the means of production from it and end the economic system known as capitalism. The system of socialism would be ushered in and gradually evolve into pure communism.
Did Japan convert their economy to capitalism after World War 2?
Actually, the Japanese began converting their economy to capitalism in the mid 1800's. After WW2, the big change was the fall of the Japanese monarchy and the rise of Japanese democracy.
Did Europe shift to an age of capitalism?
Europe became capitalist during the fall of feudalism.
