Capitalists and proletariats

Is this correct, “In his criticism of capitalist society, Karl Marx, the nineteenth- century father of communism and one of the founders of the field of sociology, divided the populations of industrial societies into two classes— capitalists, or owners of the means of production, and the proletariat, or workers, who were exploited by the capitalists. Th e proletariat’s labor was used to further the capitalists’ own profits, without consideration of the workers’ needs… Marx believed that under capitalistic exploitation the condition of the workers would become worse and worse. Eventually they would rise up in revolt, seize the means of production, and establish a socialist state…”?

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