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1 Jan 1818 Jahr - Marx identified the underlying problems of capitalism. Workers have little power in the capitalist economic system and they are also readily replaceable. Market economies are unstable with regular business cycle fluctuations. Marx predicted that capitalism would lead to a social and economic revolution. As a result of the revolution, private ownership would be replaced by collective ownership and there would be a classless society with no inequalities.

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1 Jan 1818 Jahr
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~ 207 years ago