MarxismMarxism is the political practice and or social theory based on the works of Karl Marx, a nineteenth century philosopher, economist, journalist, and revolutionary and Friedrich Engels. Marx drew on Hegel's philosophy, the political economy of Adam Smith, Ricardian economics, and 19th century French socialism to develop a critique of society which he claimed was both scientific and revolutionary. This critique achieved its most systematic (if unfinished) expression in his masterpiece, 'Capital: A Critique of Political Economy' (Das Kapital).![]() Karl Marx
The political-economy roots of MarxismPolitical economy is essential to this vision, and Marx built on and critiqued the most well-known political economists of his day, the British classical political economists. Political economy predates the 20th century division of the two disciplines, treating social relations and economic relations as interwoven. Marx claimed the source of profits under capitalism is value added by workers not paid out in wages—a claim he found implied in the works of Adam Smith and especially in David Ricardo but never explicitly formulated. He developed this theory of exploitation in Capital: a critique of political economy, a "dialectical" investigation into the forms value relations take. Capital (Das Kapital) is written over three volumes, of which only the first was complete at the time of Marx's death. The first volume, and especially the first chapter of that volume, contains the core of the analysis. Hegel's legacy is especially overpowering here, and the work is seldom read with the thoroughness Marx urges in his introduction. The method of presentation proceeds from the most abstract concepts, incorporating one new layer of determination at a time and tracing the effects of each such layer, in an effort to arrive eventually at a total account of the concrete relationships of everyday capitalist society. This investigation is commonly taken to commit Marx to a species of labor theory of value. Marx critiqued Smith and Ricardo for not realizing that their economic concepts reflected specifically capitalist institutions, not innate natural properties of human society, and could not be applied unchanged to all societies. Marx's theory of business cycles; of economic growth and development, especially in two sector models; and of the declining rate of profit, or crisis theory, are other important elements of Marxist economics.The liberal challengeThe Austrian School were the first liberal economists to systematically challenge the Marxist school. This was partly a reaction to the Methodenstreit when they attacked the Hegelian doctrines of the Historical School. Though many Marxist authors have argued that the Austrian school was a bourgeois reaction to Marx. The Austrian economists were, however, the first to clash directly with Marxism, since both dealt with such subjects as money, capital, business cycles, and economic processes. Eugen von Boehm-Bawerk wrote extensive critiques of Marx in the 1880s and 1890s, and several prominent Marxists--including Rudolf Hilferding--attended his seminar in 1905-06.Class analysisMarxists believe that capitalist society is divided into two powerful social classes:\n* the working class or proletariat: Marx defined this class as "those individuals who sell their labor and do not own the means of production" whom he believed were responsible for creating the wealth of a society (buildings, bridges and furniture, for example, are physically built by members of this class).\n*the bourgeoisie : those who "own the means of production" and exploit the proletariat. The bourgeoisie may be further subdivided into the very wealthy bourgeoisie and the petty bourgeoisie: those who employ labor, but may also work themselves. These may be small proprietors, land-holding peasants, or trade workers. Marx predicted that the petty bourgeoisie would eventually be destroyed by the constant reinvention of the means of production and the result of this would be the force movement of the vast majority of the petty bourgeoisie to the proletariat. An example of this would be many small business giving way to fewer larger ones. At first the bourgeoisie, and now the proletariat, are considered to be the universal class, the section of society best equipped to take human progress forwards a further step. Marx developed these ideas to support his advocacy of socialism and communism: "The philosophers have only interpreted the world differently; the point is, to change it." Communism would be a social form wherein this system would have been ended and the working classes would be the sole beneficiary of the "fruits of their labour". Some of these ideas were shared by anarchists, though they differed in their beliefs on how to bring about an end to the class society. Socialist thinkers suggested that the working class should take over the existing capitalist state, turning it into a workers revolutionary state, which would put in place the democratic structures necessary, and then "wither away". On the anarchist side people such as Mikhail Bakunin and Peter Kropotkin argued that the state per se was the problem, and that destroying it should be the aim of any revolutionary activity. Many governments, political parties, social movements, and academic theorists have claimed to be founded on Marxist principles. Social democratic movements in 20th century Europe, the Soviet Union and other Eastern bloc countries, Mao and other revolutionaries in agrarian developing countries are particularly important examples. These struggles have added new ideas to Marx and otherwise transmuted Marxism so much that it is difficult to specify its core. It is usual to speak of Marxian theory when referring to political study that draws of the work of Marx for the analysis and understanding of existing (usually capitalist) economies, but rejects the more speculative predictions that Marx and many of his followers made about post-capitalist societies.Marxist revolutions and governmentsThe 1917 October Revolution, led by Vladimir Lenin and Leon Trotsky was the first large scale attempt to put Marxist ideas about a workers' state into practice. However, counterrevolution, civil war, foreign interventions and the failure of a socialist revolution in Germany and in the other western countries gave Joseph Stalin the opportunity to take over power when Lenin died. As predicted by Lenin, Trotsky and others already in the 1920s, Stalin's "socialism in one country" was unable to maintain itself, and according to some Marxist critics, the USSR ceased to show the characteristics of a socialist state long before its formal dissolution. Following World War II, Marxist ideology, often with Soviet military backing, spawned a rise in revolutionary Communist parties all over the world. Some of these parties were eventually able to gain power, and establish their own version of a Marxist state. Such nations included the People's Republic of China, Vietnam, Romania, East Germany, Albania, Poland, Cambodia, Ethiopia, South Yemen, and others. In some cases, these nations did not get along. The most notable example was the rift that occurred between the Soviet Union and China, whose leaders disagreed on certain elements of Marxism, and how it should be implemented into society. Many of these self-proclaimed Marxist nations (often styled People's Republics) eventually became authoritarian states, with stagnating economies. This caused some debate about whether or not these nations were in fact led by "true Marxists." Critics of Marxism speculated that perhaps Marxist ideology itself was to blame for the nations' various problems. Followers of the currents within Marxism which opposed Stalin, principally cohered around Leon Trotsky, tended to locate the failure at the level of the failure of world revolution: for communism to have succeeded, they argue, it needed to encompass all the international trading relationships that capitalism had previously developed. See also Communist government and Communist state. In 1991 the Soviet Union collapsed and the new Russian state ceased to identify itself with Marxism. Other nations around the world followed. Since then, radical Marxism or Communism has generally ceased to be a prominent political force in global politics, and has largely been replaced by more moderate versions of democratic socialism.See alsoOther articles about Marxism: Related topics:External links
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