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Who was karl Marx? What was his theory of socialism?

Posted by Sajjan Singh 6 years, 9 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 6 years, 9 months ago

Karl Marx was a communist who introduced the concept of socialism.
Karl Marx’s Theory:

He felt that the industrial society belonged to the capitalists.
Capitalists owned the capital invested in industries, but the profit was produced by workers.
He believed that the condition of workers would never improve, as long as profit is taken by the capitalists.
Marx believed that to free themselves from the capitalists’ exploitation, workers had to form a socialist society where all property was socially controlled.
This would be a communist society.

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CBSE > Class 09 > Social Science