Socialism

3 Pages 652 Words

Marx’s Ideals of Government an Economy

There are ten factors that effect government and economy. Marx’s states that with these factors classes will be broken down into one equal class that run the economy. These factors were used in countries to make the economy get out of old social order. It developed a new method of revolutionizing the modes of production. The great significance of this is that the measures of each factor will be on the same basis but different in each country depending on their government and economy.
First of all, there was to be the abolition of property and all rents of land for public purposes. This gave the people less power. Land was power during the time period and when the government had control it had the power. Next, there was to be a heavy progressive or income tax on the citizens. This was used so all the citizens would be taxed. They would all pay a share based on their work to their country. This would give the government money and it would be taken equally from the citizens and everybody would have to pay it. Then there was the abolition of inheritance rights. This would make sure that power wasn’t passed down through families with land or money. It would instead all go to the government.
Second, there was to be the confiscation of property of rebels and immigrants. This was used to make sure that no one was persuaded to try and change or take over the system. This also made sure that all the citizens were in one class. There was also to be a centralized credit headed by the state with a national bank with a state capital. This was used so that the government had a monopoly on all the money and credit power. They knew that money was power and by doing this they had the power. They were also able to control the prices of goods with this and set the moneys value.
After that, there was to be a communication and transport system. This was to be run by the state. By having the state control...