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English
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Number of pages / Number of words: |
5 / 1287 |
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In his book, Marx challenged the foundations of classic economic theory. âMarx believed that all production belongs to the labor because workers produce all value within society. Moreover, he believed marked system allows the bourgeoisie or capitalists, the owners of machinery and factories, to exploit proletariats or workers...
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Marx predicted that capitalism would produce growing misery for workers as competition for profit led capitalist to adopt labor-saving machinery creates an army of unemployed,â (Federal Reserve Bank). As a result of that, Marx, âargued government not only intervene the economy but had to own all the means of productionâthe factories, the machinery, the landâin order to avoid savage inequalitiesâ (14)...
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Writers such as Parsons assumed that class differences in education would become less significant as society became more meritocratic. Explain why he and others believed this and why this has still not occurred in Britain.
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