Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets?A.Companies begin to sell their products in overseas markets.B.Governments eliminate all taxes on wealthy corporations.C.Workers share all the profits generated from a factory.D.Businesses refuse to hire workers who demand high wages.
Question
Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets?A.Companies begin to sell their products in overseas markets.B.Governments eliminate all taxes on wealthy corporations.C.Workers share all the profits generated from a factory.D.Businesses refuse to hire workers who demand high wages.
Solution
The development that would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets is C. Workers share all the profits generated from a factory.
Karl Marx was a proponent of communism, a system in which all property is publicly owned and each person works and is paid according to their abilities and needs. In this system, the workers (proletariat) would rise up against the bourgeoisie (capitalist class) and establish a classless society where the means of production are owned by the community as a whole. Therefore, the scenario where workers share all the profits generated from a factory aligns most closely with Marx's beliefs.
Similar Questions
Which statement best summarizes the economic theories of Karl Marx?A.Economies are most efficient when businesses can act freely.B.Free market economies give the wealthy too much economic power.C.International trade is a dangerous destabilizing factor for an economy.D.Command economies will fail due to low levels of productivity.
One major result of Karl Marx's economic theories was:A.the growth of demand for consumer products.B.the decline in support for Keynesian economies.C.the rise of more command economies.D.the spread of free market principles.
Which of the following statements challenges Karl Marx’s claims that workers will inevitably overthrow a capitalist economic system?A.The rewards received by many white-collar workers in capitalist societies are no different from those received by factory workers in Marx’s time.B.No advanced capitalist society has ever experienced a class revolution by the workers.C.Average living standards in most capitalist societies have risen over time.D.There are vast differences in the amount of wealth held by the rich and the poor in capitalist societies.
Which of the following demonstrates Karl Marx’s conviction that social inequality would continue to grow?Group of answer choices“No one knows who will live in this cage in the future, or whether at the end of this tremendous development entirely new prophets will arise, or there will be a great rebirth of ideas and ideals, or, if neither, mechanized petrification, embellished with a sort of convulsive self-importance.”“The modern laborer . . . instead of rising with the process of industry, sinks deeper and deeper below the conditions of existence of his own class. He becomes a pauper, and pauperism develops more rapidly than population and wealth.”“A religion is a unified system of beliefs and practices relative to sacred things, i.e., things set apart and forbidden—beliefs and practices which unite in one single moral community called a Church, all those who adhere to them.”“For the metropolis presents the peculiar conditions which are revealed to us as the opportunities and the stimuli for the development of both these ways of allocating roles to men.”
One of Karl Marx's major criticisms of market economies was that:A.citizens were forced to share their wealth with others.B.it was unfair to use taxes to take money from workers.C.businesses held too much power over workers.D.governments put too many regulations on business.
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