Karl Marx Theory Of Marxism

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Karl Marx’s theories about class struggle, communism, and social justice can be known as Marxism. Marxism is summed up in the Encarta Reference Library as “a theory in which class struggle is a central element in the analysis of social change in Western societies.” In contrast the Encarta Reference Library defines capitalism as “an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.” Marxism is the system of socialism of which the dominant feature is public ownership of the means of production, distribution, and exchange.
Karl Marx has a very prevailing explanation of social conflict; he theorized a class struggle between proletariat …show more content…

Marx wrote to Engels, “In my opinion, the biggest things that are happening in the world today are on the one hand the movement of slaves in America started by the death of John Brown, and on the other the movement of serfs in Russia… I have seen… that there has been a fresh rising of slaves in Missouri, naturally suppressed. But the signal has now been given. If things get serious.. what will then become of Manchester?” This is Marx’s idea of why a proletarian revolution is going to start. Marx constructed his view on communism based off of the human and technological potentials that were already established in his time, so that the socialist would then become a new society. The new, successful working class would then initiate the plans that help deal with all of the problems that the past society created and the revolution would release a social dynamic. He wanted to get rid of any of the patterns and tends that the capitalist societies had. His theory was characterized by the absence of money, social classes, and political or economic ideology. For example, in China communism is used as a redistribution of wealth where the rich people take all the money and redistribute it to the poor. In Marx’s eyes communism was the only way for people to be treated fairly and for there to be an end to the division of social

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