Karl Marx(1818-1883), was an Economic philosopher, who mainly studied the political ideology, which Marx himself referred to as either communism or socialism(who used those terms interchangeably). Though the ideas of communism have been around for longer than Marx, he was the one who further influenced the concept of this ideology to what we think of it as today. A common theme with Marx was that he believed that socialism was superior to capitalism; why did he think this?
One reason why Marx believed that socialism or communism was superior to capitalism was that capitalism in his opinion does not use everyone to their full use. In other words, people who are unemployed, he saw as a waste of human potential. Everyone in a communistic economy would be working which means no waste. Another reason why Marx believed this was because he believed that factory business owners’ exploited their employees because they would pay their employees just enough for them to survive. In communism nobody would own anything that would be “solved.” Something that is also to be noted is that Marx believed that communism would make people less selfish. This to conclude is some of the reasons why Marx believed that communism or socialism was superior to capitalism.