WORLD HISTORY

Detailed explanation-1: -Marxism posits that the struggle between social classes-specifically between the bourgeoisie, or capitalists, and the proletariat, or workers-defines economic relations in a capitalist economy and will lead inevitably to a communist revolution.

Detailed explanation-2: -Marx: 1841-1849 “Political economy came into being as a natural result of the expansion of trade, and with its appearance elementary, unscientific huckstering was replaced by a developed system of licensed fraud, an entire science of enrichment.” “Our mutual value is for us the value of our mutual objects.

Detailed explanation-3: -Marx argued that the Industrial Revolution had polarised the gap between the owners of the means of production and the workers even more. This would change, when the proletariat, developing a class consciousness would rise up and overthrow capitalism.

Detailed explanation-4: -Marxist theory suggests that changes in modes of production can lead to changes in class systems, which can prompt other new forms of change or incite class conflict. A different view is conflict theory, which operates on a broad base that includes all institutions.