Definition of marxism Marxism

/mɑˈɹksɪzʌm/ - [marksizum] - Marx•ism

We found 6 definitions of marxism from 5 different sources.

What does marxism mean?

WordNet

Noun
marxism - the economic and political theories of Karl Marx and Friedrich Engels that hold that human actions and institutions are economically determined and that class struggle is needed to create historical change and that capitalism will ultimately be superseded by communism
		communism a political theory favoring collectivism in a classless society

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Wiktionary

marxism (Noun)
The socialist philosophy and political program founded by Karl Marx and Friedrich Engels; scientific socialism .
marxism (Noun)
The socialist ideology of the followers of Karl Marx; a radical, revolutionary political philosophy that aims to capture state power, introduce a dictatorship of the proletariat , and then progress to communism.

OmegaWiki DictionaryOmegaWiki Dictionary Ω

marxism
A philosophy and social theory stating that the class in control of the economy is also in control of politics.

Wikipedia

Marxism is the name for a set of political ideas. The base of these ideas comes from the works of Karl Marx and Friedrich Engels. They have had a lot of influence in many countries. Very often, both authors are named, as it is difficult to say which of the two wrote what piece of the theory.

Modern Communism is based on Marxist ideas, but many Marxists disagree about whether Communist countries have understood Marxism correctly.

The working class and the capitalist class.

Marxism says there are different economic classes (or groups) of people. Most people need to work to get money. They are called "workers". They belong to the "working class" (or "proletariat"). Another group, usually business owners, are called "capitalists" because they live by amassing capital which is money made by selling something for a higher price than they payed for it. In the Marxist view, not all money is "capital", only money made by buying something and then selling it -- in other words, the same thing other people refer to as "profit".

Most workers work for companies owned by other people or groups. The capitalist pays a wage to the worker. The capitalist has bought work from the worker, which according to marxist economic thinking is the only thing that can add exchange-value to a product, and then sells the product for more money than the worker was paid. The capitalist amasses capital by paying the worker less money than the value added to the product by the work done and then selling the pro