Well, Karl Marx taught in his lectures that society lives in a constant state of conflict, which it is happening because the working class discovered that the means of production are being held by a small group of people, the capitalists. These were the owners of factories, farms, properties in general, forcing the worker to accept the work conditions offered to him, or no work at all, knowing the fact that other person would take the job, maybe for less pay.
Finally, the workers began the Luddite movement, with an act of protest, destroying the machines and manufactures of their workplace, along with many others actions, looking for accomplish better work conditions, workers rights and guarantees, and some others, more radicals, claimed for a entire system transformation, one that gives the working class entire control of the capital goods.
<em>"
In bourgeois society, therefore, the past dominates the present; in Communist society, the present dominates the past. In bourgeois society capital is independent and has individuality, while the living person is dependent and has no individuality." </em><em>Communist Manifesto </em><em>(</em><em>1848</em><em>)</em>
Answer:
1. What might be the costs of having such a large national debt?
When a country has a very large debt like the U.S., people may think that the country will not be able to pay off the debt. It's the same situation as a person who has a lot of debt, even more debt in a year than income in a year: people will believe that he or she will probably not be able to pay off the debt.
When this happens, people will invest less in the economy, the debt will become more expensive because the interest rate will be higher, and this in turn could lead Congress to enact policies such as tax hikes or debt renegotiations, which are always negative for an economy.
2. Did the promise that tax cuts would result in a growing economy that would pay for any budget shortfalls come true during the Reagan years?
Reagan's tax cuts did not lead to increases in tax revenue. On the contrary, tax revenue, as predicted by many, actually fell. This, in addition to increased military and social security spending, led to large budget deficits during the Reagan administration.
Answer:
just report them if they didn't answer and they just took your points
Scarcity is the condition of not having enough goods and services to satisfy everyone's needs. This is an economic concept whereby certain conditions in a society such as war, drought, or political instability have led to scarcity of certain goods and services that are preventing the needs of the society's people from being met.
