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Why did Karl Marx believe that capitalism would eventually collapse and be replaced by communism?
To what extent were his predictions confirmed by the history of the twentieth century?

Karl Marx is regarded by many as the first social scientist ever. Although it is argued that Adam Smith was the first great economist, and David Ricardo the first great modern economist, Marx is undoubtedly the economist that has had the biggest impact on economic history. It was he that masterminded the concept of a socialist utopia, which ultimately led to over a third of the world been ruled under the communist regime , a model that Marx concocted. Born on 5 May 1818, in Trier, one of Germany's oldest cities, Marx was the first economist who infused history, philosophy, economics, sociology and political theory all into his work. Marx was ahead of his time, his theories were ground breaking, only time would tell whether his predictions would come to fruition. Marx's main claim was that......

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