Marx

Definition

Karl Marx was a 19th-century philosopher, economist, and political theorist whose ideas laid the foundation for Marxism, a theory that critiques capitalism and advocates for a classless society where resources are owned communally. His works, notably "The Communist Manifesto" and "Das Kapital," analyze the effects of capitalism on labor, productivity, and economic development.

Related terms

Capitalism:

An economic system characterized by private ownership of the means of production and their operation for profit.

Communism:

A political theory derived from Marxism, advocating for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Class Struggle:

The conflict of interests between the workers who sell their labor for wages (the proletariat) and the owners of the means of production (the bourgeoisie) in a capitalist society