means. Capitalism has a few certain characteristics that separate it from the idea of

“socialism”. First, basic production facilities, land and capital, are privately owned.

Capital meaning the buildings, machines, and other equipment used to produce goods and

services that are finally consumed by the population. According to James Petras,

“economic activity is organized coordinated through the interaction of buyers and sellers

in markets”. (Petras 101) This means that consumers are free to spend their income as the

wish on either material goods or services. One of the most influential theorists of his time,

Karl Marx, was a strong opponent to capitalism. Marx thought that capitalism had begun

to ruin society by separating the laborer from his work and product.

Marx wrote his book The Communist Manifesto attempting to display how the

nineteenth-century economic structure of the bourgeois society would eventually fall and

become a united international proletariat. Marx saw the laborer becoming alienated from

his product and he believed this was responsible for the downfall of

probably make conditions better all around for workers. According to an article in the

for a situation in which individuals would contribute according to their abilities. This

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