Karl Marx argued that
A)technological change was not important in improving living standards.
B)a free-market system would produce a low level of total output.
C)benevolence,not self-interest,produced an effective economic order.
D)centrally planned economies could provide a more equitable distribution of total output than capitalist economies.
E)the unfettered market system driven by self-interest leads to the best social outcome.

Question

Quizplus · Accepted Answer

Karl Marx believed that centrally planned economies could provide a more equitable distribution of total output than capitalist economies. He argued that the capitalist system was inherently flawed because it allowed for the exploitation of the working class by the capitalist class, and that only a proletarian revolution could bring about true equality and justice. He did not believe that the market system driven by self-interest was the best social outcome.

Karl Marx Argued That