Question

Marx's critique of capitalism was based on the fundamental structural flaw of a capitalist system, which was

A

Workers will not be able to pursue any occupation they like

B

Because the critical issue is profits, owners of the means of production will have an incentive to reduce labor costs, and hence wages, as low as possible, and the workers will not have sufficient wages to sustain themselves, hence, will eventually revolt

C

Capitalism is morally degrading because it forces people to hold multiple jobs to make adequate money to support their families

D

Luxury goods will be cheap and easily available because labor costs are so low

6.. Charles Dickens was a critic of capitalism as it was practices in England during the Industrial Revolution in the 19th century. His criticism was grounded in what?

A.The fundamental contradiction in capitalism in economic terms that is that workers will not have adequate income and be unable to support themselves

B

Capitalism inevitably means that there will be only a small of number of wealthy people and everyone else will be starving

C

Capitalism resulted in large numbers of impoverished people but the solution to this was a more humane and generous charity and understanding by the successful, as exemplified in the Christmas Carol story

D

Only socialism would provide a solution to the problems of capitalism

7.Socialism (not communism) means

A

Government owns important parts of the economy -- the means of production -- but can be and often is democratic

B

Government controls all aspects of live, economic, social, and cultural

C

Government is, by necessity, authoritarian and intent on suppressing all dissent

D

Something akin to the Soviet Union or Communist China -- two pure and perfect examples of socialism in the real world

Answer 1

answer: 5: B: Because the critical issue is profits, owners of the means of production will have an incentive to reduce labor costs, and hence wages, as low as possible, and the workers will not have sufficient wages to sustain themselves, hence, will eventually revolt

according to karl Marx to increase their profit capitalists will replace labor with machines which will create reserve army in the economy and will increase labor exploitation for more profit which will lead to class conflict and will bring down the capitalism

answer: 6: B. Capitalism inevitably means that there will be only a small of number of wealthy people and everyone else will be starving

according to Charles Dickens capitalists exploit labor class for their own benefit which makes them more richer while labor class suffer if it is not controlled than people will starve. He wanted government intervention to control all this

answer: 7: A. Government owns important parts of the economy -- the means of production -- but can be and often is democratic

socialism means everyone having right over the means of production or government have control over the important aspects of the economy in order to protect people from exploitation