Question

hich of the following statements is true? Question 8 options: a) According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital. b) When central planners set prices above equilibrium for goods and services they create shortages. c) The United States today comes closer to the socialist form of economic organization than it does capitalism. d) Adam Smith argued that government's role in society would be to do absolutely nothing.

Answer 1

Answer:

a) According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital.

Explanation:

Karl Marx strongly condemned the capitalist form of government. In his work 'Das Kapital', he has substantiated and elaborated a number of failures which capitalism can bring about in an economy.

Marx says that the sole purpose of capitalism is to incur more profit at the cost of human lives. Big industries and capital owners are profit driven entities according to him.

This motive makes the owners of such industries to excessively exploit the workers under them. Thus, in response to these exploitation, the workers would revolt against the owners of capital causing chaos and unrest in the society.