MARXISM

• Marxism


  socio-political theory developed by Karl Marx and Friedrich Engels; advocates classless society
• Basic Concepts

  • Historical Materialism
  • Class Struggle
  • Dialectical Materialism
  • Surplus Value
  • Communism
• Strength

  1. Vision of a Classless Society
  2. Emphasis on Class Struggle
  3. Economic Equality
• Weaknesses

  1. Economic Incentives
  2. Historical Failure
  3. Lack of Economic Efficiency