The Feudal System, Which Is a Closed Social Hierarchy, Was

question 58

Essay

The feudal system, which is a closed social hierarchy, was dissolving and making way for a more open system when Karl Marx wrote about inequality. Why was Marx so worried about the new capitalist system that was emerging?

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Definitions:

Bailments

The temporary handover of control or possession of personal property by one party, the bailor, to another, the bailee, for a specific purpose.

Bailee's Sole Benefit

Bailee's sole benefit occurs when a bailment is made for the advantage of the bailee only, with no benefit accruing to the bailor.

Gratuitous Loan

A loan where the lender does not charge interest or fees, often made among family or friends or for charitable reasons.

Bailor's Sole Benefit

Refers to a situation in a bailment where the benefit of the arrangement is exclusively for the bailor, with the bailee undertaking the responsibility without receiving any benefit.