This view is consistent with and helped to inform early concepts of socialism in which the law of value no longer directs economic activity.
Monetary relations in the form of exchange-value, profit, interest and wage labour would not operate and apply to Marxist socialism.
[8]Socialism is a post-commodity economic system and production is carried out to directly produce use-value rather than toward generating profit.
In this work, Marx's thinking is explored regarding production, consumption, distribution, social impact of capitalism.
Marx's goal was to design a social system[citation needed] that eliminates the differences in classes between the proletariat and the bourgeoisie.
In doing so, the tension and the power differences which force workers to labor in bad conditions for poor wages, disappear.
Marx postulated that if workers are paid enough so that they still are able to buy products in a capitalist market, they will become essential contributors in assuring the domination of capitalism worldwide[citation needed].
Socialist production involves rational planning of use-values and coordination of investment decisions to attain economic goals.
The value of a good in socialism is its physical utility rather than its embodied labour, cost of production and exchange value as in a capitalist system.
[8] The advanced stage of socialism, referred to as the upper-stage communism in the Critique of the Gotha Programme, is based on the socialist mode of production.
[12] The fundamental goal of socialism from the view of Karl Marx and Friedrich Engels was the realization of human freedom and individual autonomy.
The aim of socialism is to provide an environment whereby individuals are free to express their genuine interests, creative freedom and desires unhindered by forms of social control that force individuals to work for a class of owners who expropriate and live off the surplus product.
Political rule via coercion over men diminishes through the creation and enforcement of laws, scientific administration and the direction of the processes of production.