Marxism

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Marxism is the name for a set of political and economic ideas.

The basic ideas are that:

• The world is split into multiple classes (groups) of people. The two main classes are the working class and the capitalist, or ruling, class. The working class is exploited by the ruling class.
• There is a class conflict , which has been the main driver of conflicts through history.
• When workers realize their exploitation, they will revolt and take over ownership of factories and materials (dictatorship of the proletariat).
• Communism (stateless, classless society with free enterprise).

These ideas come from the works of Karl Marx and Friedrich Engels and their most notable work is The Communist Manifesto. They have had a lot of influence in many countries. Marxism influenced other political views.

People disagree a lot on how a Marxist society should be organized: "Marxist political economists differ over their definitions of capitalism, socialism and communism. These differences are so fundamental, the arguments among Marxist political economists have sometimes been as intense as their oppositions to capitalism".^[1]

Marxism is placed on the left-wing to far-left of the political spectrum.^[2][3]

1. ↑ O'Hara, Phillip 2003. Encyclopedia of political economy, vol 2. Routledge, p. 107. ISBN 0-415-24187-1
2. ↑ "Glossary of Terms: Le". www.marxists.org. Retrieved 2023-03-01.
3. ↑ "Definition of radical left | Dictionary.com". www.dictionary.com. Retrieved 2023-03-01.