The Study of Capitalism

The Industrial Revolution, Karl Marx & Max Weber. The powers that were in place for over a millenium were violently shifting. The 19th century was a time filled with revolution & revolutionaries. Industrialization and capitalism were plowing the feudal system into oblivion. The Industrial Revolution created new social classes and, new forms of labor. Karl Marx and Max Weber tried to explain and understand this change. The structure of western society changed forever because of the Industrial …

…capital should be collectively owned and that the products of the system should be distributed fairly and evenly according to need. Marx sought to overthrow the capitalistic order and create a system of collective control of the society, which would ensure a fair system for all of the citizens. There would be abolition of private property & inheritance. A state centralization of banking, communications, transportation, factories and instruments of production. Free public education and equal labor.