Marx believed that capitalism contained the seeds of its own destruction. He described how the wealth of the bourgeoisie depended on the work of the proletariat. Therefore, capitalism requires an underclass. But Marx predicted that the continued exploitation of this underclass would create great resentment. Eventually the proletariat would lead a revolution against the bourgeoisie. The final struggle would lead to the overthrow of capitalism and its supporters. Marx wrote that modern bourgeois society ,is like the sorcerer, who is no longer able to control the powers of the nether world whom he has called up by his spells.
The Cuban Missile Crisis began on October 16, 1962, was a direct and dangerous confrontation between the United States.
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A steady-state economy is an economy structured to balance growth with environmental integrity. A steady-state economy seeks to find an equilibrium between production growth and population growth. In a steady state economy, the population would be stable with birth rates closely matching death rates and production rates similarly matching the depreciation or consumption of goods.
The AFL was a formal federation of labor unions whereas the Knights of labor was much more of a secretive type.
