Question

WHY DID MARXIST NOT APPROVE OF CAPITALISM?

Answer 1

Karl Marx was a supporter of social and economic equality. Marxists do not approve of capitalism because it is an exploitative system. According to Karl Marx, production owners and a large number of working-class people or labourers constituted the so-called capitalistic society. Marx defined capitalism as a progressive process which would eventually lead to a revolution in the system and the end product of this revolution was considered as socialism (social equality). Karl Marx predicted that the capitalistic society would ultimately lead to resentment among the labourers and conflicts between the two classes because the labourers are mostly underpaid. They are given only a fixed amount of money for the intensive labour work they put forward. All the surplus amount and the profits made on the production goods go to the production owners. Thus, the working-class community gets exploited by their landlords. Karl Marx was a major critic of capitalism as he considered it as a destructive system.