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How was the role of private factory owner seen in socialist criticism?

Answer and explanation

Correct answer: As a person who profits from workers' labour

Socialist thinkers argued that a private factory owner controlled the goods produced and the profit earned from workers’ labour, while workers received limited wages for their work. They therefore criticised this system as exploitation of labour. An elected representative or a union secretary represents workers, not the factory owner. Exam tip: Link socialist criticism with profit, private ownership, and exploitation of labour.

Related tags

SocialismIndustrialisationFactory OwnersWorkers LabourExploitationRussian RevolutionThe Age Of Social ChangeSocialism In Europe And The Russian Revolution

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