USA HISTORY

Detailed explanation-1: -Capitalism. Both communism and socialism oppose capitalism, an economic system characterized by private ownership and a system of laws that protect the right to own or transfer private property.

Detailed explanation-2: -Marx condemned capitalism as a system that alienates the masses. His reasoning was as follows: although workers produce things for the market, market forces, not workers, control things. People are required to work for capitalists who have full control over the means of production and maintain power in the workplace.

Detailed explanation-3: -Marx envisioned a communist system in which high levels of industrial production would ensure a good standard of living for the entire population. His theory did not account for the issues of scarcity of resources and overpopulation; indeed they were not relevant to his epoch.

Detailed explanation-4: -Who are the proletariat? A lot of people assume that Marx is talking about all the poor, all the have-nots. But the proletariat is actually a more specific group: they’re property-less, employed workers-property-less meaning that they have no possession of the means of production or capital, or spare money to invest.