james choice
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karma: 10
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capitalism
according to karl marx, capitalism is an economic system that is based on the private ownership of the means of production and the exploitation of the working class. marx believed that capitalism was inherently flawed and that it would eventually collapse under the weight of its own contradictions.
marx argued that the central contradiction of capitalism is the conflict between the bourgeoisie (the owners of the means of production) and the proletariat (the working class). the bourgeoisie seek to maximize profits and accumulate wealth, while the proletariat are exploited and oppressed. this conflict, marx believed, would eventually lead to the collapse of capitalism.
marx argued that capitali…