Question

Explain the views of the socialists on private property with special emphasis on Karl Marx. Name the International body set-up spread and coordinate their efforts.

Answer 1

The views of the socialists on private property with special emphasis on Karl Marx were as follows:
(i) By the mid-19th century in Europe, socialism was a popular body of ideas. Socialists were against private property. The saw it as the root of all social evils.

ii) Socialists favoured society as a whole rather than single individually owned property. More attention would be paid to collective social interests.

(iii) Marx said that in capitalism, factories were owned by the capitalists and the profit of capitalists was produced by workers. But the worker had to overthrow capitalism and the rule of private property.

(iv) Marx suggested that to free themselves from the capitalist exploitation, we workers had to construct a radically socialist society. In socialist society, all property was socially controlled.

(v) Marx believed that workers would triumph in their conflict with capitalists and there should be dictatorship of the proletariat. This Communist society is the natural society of the future.
The socialists formed the international body, viz, the 'Second International' to coordinate their efforts.