https://youtu.be/tyGEejOBdFc

(Frontline: In the age of AI)

Marx's Social Economic Systems 

While many equate Karl Marx with socialism, his work on understanding capitalism as a social

and economic system remains a valid critique in the modern era. In Das Kapital (or Capital in Eglish),

Marx argues that society is composed of two main classes: Capitalists are the business owners

who organize the process of production and who own the means of production such as factories,

tools, and raw material, and who are also entitled to any and all profits. The other, much larger

class is composed of labor (which Marx termed the "proletariat"). Laborers do not own or have

any claim to the means of production, the finished products they work on, or any of the profits

generated from sales of those products. Rather, labor works only in return for a money wage.

Marx argued that because of this uneven arrangement, capitalists exploit workers.

*Busness owners like technology because it can lessen the labor cost and increase the profit.

Workers lose their job and wages. Eventually there are too few buyers(wage earners) to sell 

the products(goods). Therefore capitalism will not last. But it did not happen. Will AI destroy 

capitalism?