History of Europe

How did karl marx and friedrich engels try to correct the ills of industrialization?

1. Economic theory (Marxist economics):

* Identified structural inequalities inherent in capitalism.

* Proposed a labor theory of value, emphasizing the exploitation of workers.

* Envisioned a classless, stateless society as an alternative (communism).

2. Class consciousness and labor unionization:

* Emphasized the significance of workers uniting and understanding their collective strength.

* Supported the organization of labor unions to fight for workers' rights, improved working conditions, and fair wages.

3. Critique of colonialism and imperialism:

* Criticized imperialism as the highest stage of capitalism.

* Viewed imperialism as exploiting colonized people and creating global inequities.

* Proposed international solidarity among workers transcending national and colonial boundaries.

4. Revolution and class struggle:

* Believed revolutionary action and class struggle were necessary to overcome the social, political, and economic contradictions of capitalism.

* Proposed a transition from capitalism to socialism before reaching the ultimate goal of a communist society where the means of production were communally owned.