ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Marx expected that the proletarian revolution would soon occur in Germany or England and then take place worldwide. He ended the Communist Manifesto with these rousing words: Let the ruling classes tremble at a Communistic revolution.

Detailed explanation-2: -Proletarian revolutions are generally advocated by socialists, communists and anarchists. The concept of a revolutionary proletariat was first put forward by the French revolutionary socialist and radical Auguste Blanqui.

Detailed explanation-3: -Marx believed that Revolution was both fundamentally essential and inevitable to the progress of human society. He anticipated that eventually the workers of the world would realise they ‘have nothing to lose but their chains’ and revolt against the industrialists and capitalists who covertly controlled their lives.

Detailed explanation-4: -Karl Marx was convinced that capitalism was destined to collapse. He believed the proletariat would overthrow the bourgeois, and with it abolish exploitation and hierarchy. We now know that his prediction was incorrect, and that can trigger a dismissive attitude towards Marx’s theory of history and economics.

Detailed explanation-5: -Karl Marx produced a great deal of writings that outlined what would happen to European society because of the Industrial Revolution. Marx believed that, due to the exploitation of the working class under the capitalist system, that the workers of Europe would rise up and overthrow the oppressive proletariat.