Choose the given statement is true or false;

Socialists opposed the idea of Capitalism.

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True

False

answer is A.

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Detailed Solution

The above statement is true;
Industrial civilization was, according to capitalists, a capitalist society. Workers produced the profit for capitalists, who owned the capital used to build industries. The capitalists believed that as long as private capitalists were able to amass enormous wealth, working conditions could not change. The private property system and capitalism have to be overthrown by the working class. To be free from capitalist exploitation, workers are required to build a completely socialist society in which all property is collectively managed. This would result in a Communist society. The capitalists also believed that workers would prevail over capitalists in their struggle and that a communist society would be the norm in the future.

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