Marxism

• he was born in germany and became an active member of the communist party. he collaborated with friedrich engels and wants to abolish the caste system in society. he developed communism and marxism

  karl marx
• this system favors collective ownership and restricts the free market with government intervention portraying a planned economy

  communism
• this system is where the community controls the means of production

  socialism
• this is a concept where theres a conflict of interests between workers and ruling class in a capitalist society

  class struggle
• this system has existed in some form in india for 3000 years. this is a social hierarchy passed down through families and it can dictate the profession a person can work in as well as aspects of their social lives, including whom they can marry

  caste system
• this is a political analysis wherein it stands on the idea that capitalism has a large effect on labor, productivity, and economic development

  marxism
• this stands for the idea that workers should be empowered, not alienated

  marxism
• they are those who have nothing to sell but their labor-power (their capacity to work)

  proletariat
• they are the owners of the means of production who sell commodities produced by the proletariat

  bourgeoisie
• this is the social strife over access to material and discursive resources

  social strife
• this is an economic system by which all of the country's goods, markets, and industry are controlled by the private sector for profit

  capitalism
• what are the problems with capitalism?

  1. work is alienated
  2. modern work is insecure
  3. workers paid little, capitalists get rich
  4. capitalism is unstable
  5. capitalism is bad for capitalists
• this is the term where people value things that has no actual value

  commodity fetishism