Why did socialism develop into such a strong challenge

Reference no: EM132708119

Discussion 1. Why did socialism develop into such a strong challenge to laissez faire economics (capitalism)? What were Karl Marx's three chief criticisms of capitalism? Briefly explain his theory of revolution. According to Marx, what conditions had to be met before a country was ready for socialism? Why did Karl Marx's critique of capitalism become so influential after his death?

Reference no: EM132708119

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