Rye Catcher
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This is the question.
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Marxism: What It Is and Comparison to Communism, Socialism, and Capitalism
Marxism is a set of social, political, and economic theories developed by Karl Marx that formed the basis of socialist principles.
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.
- Communism outright rejects the concept of private ownership, mandating that "the people," in fact the government, collectively own and control the production and distribution of all goods and services.