Term of the Day

Marxism

A theory of economic and political development based on the ideas and published works of German philosopher Karl Marx. Marxism states thatcapitalism, which displaced feudalism, will be replaced by socialism when workers take over society. Marxism provides the core ideas of modern Communism and Socialism.
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Usage Example
In hopes to reduce the struggle between the classes Karl Marx developed a plan, later to be called Marxism, which proposed the idea of a classless, socialist society.
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