6a: Socialism (Marx's Critique of Capitalism)

Question 1

What were the 4 critiques of Marx to the Liberal system?

Answer 1

Econ efficiency - Overproduction
Social Harmony - Class Conflict; poverty, exploitation
Freedom and controlled power - Political Domination
Individual Morals - Individuals are selfish, antis behavior

Question 2

What were Marx’s 2 viewpoints on social change?

Answer 2

1. Mindset

2. Economy

Question 3

What is labor alienation

Answer 3

It is when a worker feels foreign to the product of his own labor

Question 4

What is Industrial Capitalism?

Answer 4

An economic system that relies on investment in machines and tech that are used to increase the production of marketable goods