<em><u>Karl Marks supported the plan for governmental ownership on most of the production.
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Further Explanations:
Karl Marx was born on 5th May 1818 during Trier. He was a German economist, journalist, philosopher and also a socialist revolutionary. He got his education of philosophy and law at his University. Though being a socialist revolutionary and his anti-political publication, he lied in exile in London for decades where he collaborated with the German thinker and published his first book regarding the reading room of Britain Museum.
Marx’s theory about the social-economical and political issues is termed as Marxism that emphasized the societal development through Class struggle. His theory discarded the Capitalism that controls the means o production and the working classes. It also means selling the labor power in return for a wage. According to Marx capitalism was creating internal destruction and should be replaced by a new policy termed as Socialism, according to which the government should owe the ownership of the production.
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Answer Details
Grade: High school
Subject: US History
Chapter: Karl Marx
Keywords: Karl Marx, journalist, philosopher, University, publication, collaborated, emphasized, Capitalism, ownership, Trier
