Date: September 18th, 2024 11:36 PM
Author: AZNgirl Buying Dad Pager from 'Goldberg Tech LLC'
Karl Marx believed that capitalism would eventually collapse due to its inherent contradictions and flaws. He argued that capitalism produces increasing wealth for a small elite (the bourgeoisie) while worsening conditions for the working class (the proletariat). This exploitation would lead to class struggle and a revolutionary crisis.
Key points Marx made about capitalism's demise include:
1. Overproduction and Crises: Capitalism's need for continuous growth would result in overproduction, leading to economic crises where goods cannot be sold, causing unemployment and instability.
2. Increasing Inequality: As capitalists accumulate wealth, workers' wages remain low, widening the gap between the rich and poor, increasing class tension.
3. Concentration of Capital: Fewer capitalists would control larger portions of wealth, centralizing power and creating social unrest.
4. Class Struggle: Marx believed that the growing suffering of the proletariat would lead to revolutionary consciousness. Workers would unite to overthrow the capitalist system and establish a classless, communist society.
5. Internal Contradictions: The very dynamics of capitalism—such as the pursuit of profit and competition—would eventually undermine its sustainability, leading to its eventual breakdown.
(http://www.autoadmit.com/thread.php?thread_id=5597586&forum_id=2/#48107268)