Question

The statement, “Seeds of destruction of capitalism lies within it”, was supported by:

• A. Aristotle
• B. Karl Marx
• C. Robert Solow
• D. J.S. Mill

Hint:

Karl Marx believed: \[ \boxed{ \text{Capitalism} \rightarrow \text{Internal Contradictions} \rightarrow \text{Class Conflict} \rightarrow \text{Socialism} } \] Hence, the "seeds of destruction" of capitalism lie within capitalism itself.

Answer 1

The Correct Option is B

Concept: Karl Marx argued that capitalism contains internal contradictions that eventually lead to its own collapse. According to Marx:
• Capitalism creates exploitation of labour.
• Wealth becomes concentrated in the hands of capitalists.
• Economic crises occur repeatedly.
• Class conflict between the bourgeoisie and proletariat intensifies. These contradictions constitute the "seeds of destruction" of capitalism.

Step 1: Examine the options.
• [(A)] Aristotle discussed ethics and politics, not capitalism.
• [(B)] Karl Marx believed capitalism would ultimately collapse because of its internal contradictions. Correct.
• [(C)] Robert Solow is known for the Neoclassical Growth Model.
• [(D)] J.S. Mill supported liberal economic ideas but did not propose this theory. Hence, \[ \boxed{\text{Correct Answer}=(B)\;\text{Karl Marx}} \]