Intro to Communism

Marx’s View on Capitalism Communism was a theory by Karl Marx as a way to organize soceity fairly. Marx saw that capitalism creates classes in society. Bourgeoisie are the owners Proletariat are the workers

Marx’s View on Capitalism Bourgeoisie own all the capital (factories, tools etc) They also get all the profits. They can reinvest the profits in the company or remove it and pay themselves.

Marx’s View on Capitalism Proletariat – These are the workers and get paid a wage. They get no share in Company profits. At the mercy of the Bourgeoisies. The goal of the Bourgeoisie is to reduce the costs of production and pay as little as possible.

Marx’s View on Capitalism Workers are dependant on the owners for their basic needs. Wage Slavery People are only of value if they can be used in work.

Marx’s View on Capitalism As technology advances the need for people decreases. This leads to unemployment and needs not being met. People forced to accept lower wages and poor work conditions.

Marx’s View on Capitalism Companies will be in direct competition. Self defeating system. As companies get more profit they buy other companies and take them over. Share of wealth gets more concentrated in the hands of the few.

Eventually working class(proletariat) will revolt and overthrow the owners (bourgeoisie). This will result in Socialism and lead to Communism.

Marx’s Communism