MA R X IS M

Marxism
-Based on the ideas and theories of Karl Marx.
-It is mainly concerned with the battle between
the working class and the ownership class and
favors communism and socialism over capitalism.
-It describes the capitalist system of production as
inherently unfair to the workers, who represent
most of the population.
 Industrial
Capitalism
-The development of the factory system of
manufacturing, characterized by a complex
division of labor between and within work
process and the routine of work tasks
 Main Classes in
Industrial Capitalism
• BOURGEOISIE • PROLETARIAT
-The bourgeoisie are the people -The proletariat are the members
who control the means of of the working class.
production in a capitalist society
KEY CONCEPTS IN MARXISM
• Social Inequality
-In a capitalist society, oppression and exploitation are
among the social inequalities that exist between the
bourgeoisie and the proletariat. Marx believed that
capitalists steal from the workers by keeping the profits
for themselves while paying them salaries that are out of
proportion to the labour they perform.
 Class Conflict
-Class conflict or class struggle comes about as
a result of the bourgeoisie oppressing the
proletariat.
Such oppression occurs whenever societies are
divided into stratified and hierarchical groups,
and it is especially evident in capitalist
societies as the manipulative power of
capitalism creates conflict between the classes.
 Communist Society
-characterized by a classless society having common ownership
of property and resources (means of production).
-Private property and profit-based economy are replaced by
public ownership and control.
 Quiz
1. It is characterized by a classless society having common
ownership of property and resources.
2. It comes about as a result of the bourgeoisie oppressing the
proletariat.
3. They are the members of the working class.
4. They are the people who control the means of production in
a capitalist society.
5. Marxism is based on the ideas and theories of .
6. It is mainly concerned with the battle between the working
class and the ownership class and favors communism and
socialism over capitalism.
7. It is characterized by a complex division of labor between
and within work process and the routine of work tasks.
8. Marx believed that capitalists steal from the workers by
keeping the profits for themselves while paying them salaries
that are out of proportion to the labour they perform.
9-10. The two main Classes of Industrial Capitalism.
Th a n k
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