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Unf*cking The Republic cover image

Understanding Socialism: Part Three. The “Critique Phase” (1825–1870).

Unf*cking The Republic

NOTE

Insights on Marx's Vision and Predictions

Marx's vision of materialism foresaw the capitalist conditions altering the working class into a revolutionary mindset, leading to worker solidarity and the proletariat seizing state power, which did not happen. His prediction about mechanization leading to decline in profits was incorrect as it actually increased profits due to creative destruction. However, Marx accurately described the volatile nature of capitalism and the tendency of bust cycles to exploit the working class. He also understood the powerful nature of private property and accurately predicted worker discontent leading to upheaval.

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