349. Theory 19: Marxism

Definition :
It began in the mid 1800s with Karl Marx and Friedrich Engels. They observed how the Industrial Revolution was changing society, creating vast wealth for factory owners while workers lived in poverty. Class Struggle, history as a series of struggles in between social classes is their study in the joint books. The two sections are called the bourgeois and the proletariat. 

Marxism is a theory where society is shown divided into two halves which create tensions and inequality and may lead to revolution. 

Socialism is a system where the government and a rich section control assets and industries and justify equality.

Communism is the goal which Marxism aims at for a classless and stateless society where everything is equally shared in a utopian way. The private property is absent. USSR and China tried it.

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