Create a 4 pages page paper that discusses karl marx and us. Socialism, according to its definition, refers to a state where the ownership of the means of production is collectively held. In a sociali

Create a 4 pages page paper that discusses karl marx and us. Socialism, according to its definition, refers to a state where the ownership of the means of production is collectively held. In a socialistic state, the government or central authority would assume the responsibility of taking care of the needs of its citizens. Furthermore, the value of the goods produced by the labor would not be judged through the amount of revenue or profit that the product or service is able to fetch but its value would be determined by the amount of time and energy consumed in preparing the product (Przebowski, 2009, 72). There are no doubts about the fact that Marx is amongst one of the most influential thinkers in the human history. His ideas inspired several thinkers and policymakers in the world and even the governments of Russia, China, Vietnam, Venezuela, Cuba and several other countries of the world. However, Marx’s ideas and thoughts about capitalism are fundamentally flawed and nothing less than an idealistic novel. Marx believes that capitalism is inherently contradictory and it would be replaced by socialism, which would subsequently be replaced by communism (Sherman, 1991, p. 209). According to Marx, the state of full or pure communism would represent a society without any class, social structure, state, or struggle. Communism aims to employ its resources at creating a desirable and equitable state, where people would not be able to distinguish each other in social classes and would not find any incentive in exploiting others for their good.