marxism in simple terms - EAS
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Key Takeaways
- Marxism is an economic and political theory that examines the flaws inherent in capitalism and seeks to identify an alternative, which he called "utopian socialism." 1
- Marxist theories were influential in the development of socialism, which requires shared ownership by workers of the means of production.
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WebAug 27, 2017 · The philosophy advocated by their work is known as Marxism (after Karl Marx). Capitalism and Marxism can be differentiated by understanding the concept of ‘the means of production’.
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