What are the alternatives to capitalism? According to Marx, he believed that the proletariats needed to organize politically, overthrow capitalism, and establish a socialist state (Marx, “The Communist Manifesto” 13). Instead of having a society where trade, industry, and all means of production were privately owned and operated for profit, we needed to set up a new society where the control of industry and all branches of production were operated by the society as a whole. Moreover, since competition in reality was merely a way for private property owners to express themselves, private property must, therefore, be abolished. In its place must come the common utilization of all means of production and distribution of products—in other words, communal possession of
What are the alternatives to capitalism? According to Marx, he believed that the proletariats needed to organize politically, overthrow capitalism, and establish a socialist state (Marx, “The Communist Manifesto” 13). Instead of having a society where trade, industry, and all means of production were privately owned and operated for profit, we needed to set up a new society where the control of industry and all branches of production were operated by the society as a whole. Moreover, since competition in reality was merely a way for private property owners to express themselves, private property must, therefore, be abolished. In its place must come the common utilization of all means of production and distribution of products—in other words, communal possession of