Karl Marx argued that capitalism would eventually collapse and give rise to a new economic system, which is called
A)a political system.
B)socialism.
C)a market system.
D)a laissez faire system.
E)a mixed economy.

Question

Quizplus · Accepted Answer

Karl Marx believed that capitalism was inherently flawed and that it would inevitably lead to its own downfall, eventually giving way to socialism as the superior economic system. Marx believed that capitalism led to the exploitation of workers and the concentration of wealth in the hands of a few, ultimately leading to economic and social instability. Marx saw socialism as a more just and equitable system, with shared ownership of the means of production and a focus on the needs of the community as a whole.

Karl Marx Argued That Capitalism Would Eventually Collapse and Give