In the present-day United States political scene, Marxism has been thrown around quite a bit. But there is a lot of confusion about what exactly Marxism is and what it means to be a Marxist.
Marxism is the political, social, and economic theory named after Karl Marx. A significant contributor to Marxism was Friedrich Engels. Marx and Engel’s economic theory examines capitalism’s effect on labor, productivity, society, and overall economic development. They believe the relationship between the capitalist or business owners and the workers or laborers is exploitative, and the workers are always at a disadvantage.
Table of Contents
- The Definition of Marxism
- The Marx Theory of Social Economic Systems
- The Marx Theory of Historical Materialism
- Marxist Thought in Simple Terms
- Who Was Karl Marx?
- Related Questions
The Marxists believe the relationship between the capitalists and the workers is explosive, so the workers will seek to overthrow the Capitalist system. The Marxists believe the worker should seek to overthrow the Capitalist government system in favor of the Communism system of government.
The Definition of Marxism
Marxism is the social, political, and economic philosophy named after German political activist Karl Marx. Friedrich Engels is also a significant contributor to Marxist thought and philosophy.
Marxism studies and examines capitalism’s effect on labor, productivity, and economic development. Marxism looks at the social classes and categories, sees the relationship between many of these social classes as unequal or uneven, and argues for a worker to revolute and overturn capitalism in favor of another system, such as socialism or communism.
For many, the name Karl Marx or Marxism is equated to something bad or a lack of freedom. Many countries have adopted the Marxist philosophy, as the former Soviet Union, China, Vietnam, Lao, or Cuba have all relied heavily on Marxism. Because of this, Karl Marx’s philosophy on trying to understand the relationship between capitalism and the workers on a social and economic system still remains valid today.
The Marx Theory of Social Economic Systems
In simple terms, Marxism saw economics and the running of the economy in a society with two major groups:
- Capitalists – Capitalists are the business owners who organize production and manufacturing. The capitalist owns factories, tools, and raw materials. They are entitled to any and all profits made by the factory. Marxism sees Capitalism as based on commodities or things bought and sold. In Marx’s view, the employee’s labor is a commodity as it is bought and sold. He saw the capitalists as the business owners or the elite.
- Laborers or Proletariat or Workers – A much larger class or group of people is the laborers Marx calls workers, laborers, or the proletariat. The laborers do not own any production, raw materials, or facilities. They are not entitled to any of the profits. The laborers work in exchange for money or wages. The Laborers are, in other words, everyday working men and women.
Marxism saw the arrangement between the capitalists and the Laborers as uneven and favoring the Capitalists. They felt that the capitalists or Elite could enjoy their lavish lifestyle due to laborers’ work. The relationship between the capitalists and the Laborers was exploited as the Capitalist received so much more from the relationship than the Laborers.
In other words, Marx felt the Capitalist or elite exploited the everyday workers or, as he called them, the proletariat. Without the work of the laborers, the Capitalists would not have the means of production – all they would have is a factory, raw materials, and no way to produce or sell the goods if they did not the workers producing them.
The Marx Theory of Historical Materialism
Another contribution that Marx made is known as the materialist concept of history or historical materialism. It is this theory that much of the communist thinking around the world is based upon.
Historical Materialism is defined in Marxism as:
Marxist Thought in Simple Terms
Marxism can be very complex and not always very easy to understand, yet it is a theory and thought that continues to be part of our world order today.
Here are some fundamental concepts to remember about Marxism and why it continues to remain an important economic thought today:
- Struggle Between Capitalist and Labor (Working Class) – At the core of Marxism is the social, political, and economic theory that focuses on the inherent struggle between the Capitalist (or those who own and have money) and the working class (laborers or those that do not).
- Exploitative Relationship – Marx believed that the relationship between the capitalists and the workers was an inherently explosive power struggle and would always create class conflict.
- Revolution – Marx believed that the conflict between the capitalists and workers or the haves and have-nots of society would lead to a revolution where the working class would overthrow the capitalist class and seize control of the economy. Marxism argues for the workers to revolt and overturns the capitalist system in favor of the communist system.
Many of the issues that Marx saw with the conflict between the capitalist (elite) and the laborer (workers or everyday men and women) are things that we continue to see today. Here are some of Marx’s key points:
- The capitalists or business owners are incentivized to get the most work out of their laborers while trying to pay them the lowest wages possible to maximize their profits.
- Even though ordinary laborers are an important or even key part of this economic process, they lack power as they do not own factories, buildings, or materials.
- In a Capitalist system, workers can be readily replaced when many others take their place. As workers are readily replaceable, this further devalues their worth. In other words, companies can choose who they will hire and for what price if many people are looking for the same job. They can hire someone below their actual worth or wage.
- Marx felt the elite, or bourgeois, as he called them, would purposely employ social institutions to keep the workers down and that the government would help enforce the will of the bourgeoisie to control the workers’ power.
- Marx felt organized religion provided a similar function to the government to convince the worker or proletariat to accept and submit to their exploitation. Karl Marx called religion “the opium of the people.” This is why freedom of religion in countries with Marxist thinking is neither allowed nor guarded.
- Marx believes that financial institutions are set up to keep the workers or proletariat in debt and engineer financial recessions. This would help the bourgeois and not the workers and allow the bourgeois to stay in power.
Who Was Karl Marx?
Karl Marx (1818-1883) was a German philosopher, author, social theorist, and economist. He was born in Trier, Prussia (present-day Germany). His father was a successful Jewish lawyer who converted to Lutheranism before Marx’s birth.
At University, Karl Marx studied law in Bonn and Berlin. It was here he was introduced to the radical ideas of G.W.F. Hegel and became a social activist. He later received a Ph.D., but as he was considered too radical for his day, he could not secure a position teaching at any University in Europe. He became a journalist for a liberal newspaper.
Karl Marx was married to Jenny von Westphalen, a theatre critic, and political activist. They had seven children. Four of their children died before the age of 8 years old.
Karl Marx’s three surviving children, all daughters, became political activists. His oldest daughter Jenny Caroline died at age 38 of bladder cancer. She had six children, and two of her sons, Jean Longuet and Edgar Longuet, went on to become political activists.
Karl Marx’s other two daughters, Jenny Laura and Jenny Julia Eleanor committed suicide. Jenny Julia Eleanor married the famous Cuban -French revolutionary and Marxist socialist and activist Paul Lafargus.
Karl Marx is famous for his theories about capitalism and communism. Together with Fredrich Engels, they published the Communist Manifesto in 1848 and later Das Kapital (published in 1867, 1885, and 1894).
Karl Marx’s theories were radical for his time and were not well accepted in mainstream Europe. After 1845 he was considered stateless because he was not welcome to live in France, Germany, Belgium, or most parts of Europe. In 1849, Marx moved to England and lived there until he died in 1883.
To understand Marx, you also need to understand a bit about the world he lived in. He saw workers being exploited and the rich living luxurious lifestyles. He would have seen everyday people struggling to stay alive and feed their families as they were not paid enough to survive.
To get a taste of what Karl Marx’s world was like during the time he lived, you only need to read some of Charles Dicken’s novels or stories like A Christmas Carol, Oliver Twist, and Great Expectations, A Tale of Two Cities. In his stories, Dicken explores the conflict between the capitalists or the elite and the working class during this time period.
Whether you love or hate Marxism, the truth is that Karl Marx gave the world an economic and social thought that remains relevant today. Many countries worldwide have based all or part of their government and social systems upon the theories and teachings of Karl Marx.
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