Marx argued that industrial capitalism was not productive and therefore not capable of doing away with hunger and poverty.
The statement is true.
The factory system of production, which has previously been mentioned, quickly developed under industrial capitalism and is characterised by considerably more strict, complicated, and complex divisions of labour inside and across production processes.
Industrial civilization, according to Karl Max, was "capitalist." Workers created the profit for capitalists, who owned the capital used to build industries.
Marx thought that capitalism was a very unstable economic system that would experience a succession of ever-worsening crises—recessions and depressions—that would result in higher unemployment, lower wages, and growing suffering among the industrial proletariat.
Karl Marx argued that this downward spiral would eventually deny the proletariat the ability to buy basics, which would lead to the overthrow of the bourgeoisie and the demise of capitalism.
To learn more about industrial capitalism, refer
https://brainly.com/question/15076752
#SPJ4