Question

2. Capitalism is doomed, according to Karl Marx.

a. Describe the process of socialist revolution and the millennium as Marx saw it.

b. Discuss which of Marx's predictions came to past and which did not.

Answer 1

2)

a)

Karl Max argues that society is divided between have and have nots. small section of society has controlled vast resources and other section which is known as proletariat, does not have even enough to meet the basic needs.

Conflict becomes deeper between rich and poor. Gradually, poor would revolt against the rich class as happened in Russia. Eventually, only one class remains and there is no exploitation. All resources are owned by society only.

b)

Conflict would be there in society is true prediction. Further, capitalism would be facing crisis also proved true but capitalism will disappear did not prove true.