What did Karl Marx consider to be the main economic problem that would ultimately cause the collapse of capitalism?

In it he expressed a desire to reveal “the economic law of motion of modern society” and laid out his theory of capitalism as a dynamic system that contained the seeds of its own self-destruction and subsequent triumph of communism.

Karl Marx was an important figure during the industrial revolution in his anti-capitalist analysis of industrialization. Marx developed and published anti-capitalist literature that details how workers are inherently exploited and oppressed under the capitalist system.

Karl Marx: (i)Karl Marx argued that industrial society was ‘capitalist’. Capitalists owned the capital invested in factories, and the profit of capitalists was produced by workers. (ii)The conditions of workers could not improve as long as this profit was accumulated by private capitalists.

Explanation: Socialism is an economic system in which ownership of the means of production (capital such as factories, farms, banks) is common and not individual.

Marx wrote that the power relationships between capitalists and workers were inherently exploitative and would inevitably create class conflict. He believed that this conflict would ultimately lead to a revolution in which the working class would overthrow the capitalist class and seize control of the economy.

What was Karl Marx’s critique of industrial society and how did he propose to fix it? solution was communism, which advocated a classless society that shared all wealth equally.

Absolutely read Marx, his dialectical materialism, analysis of class, and labor theory of value is incredibly incredibly important for anybody on the left.