Marxism
Overview

Marxism seeks to explain social phenomena within any given society by analysing the material conditions and economic activities required to fulfill human material needs. It assumes that the form of economic organisation, or mode of production, influences all other social phenomena, including broader social relations, political institutions, legal systems, cultural systems, aesthetics and ideologies. These social relations and the economic system form a base and superstructure. As forces of production (i.e. technology) improve, existing forms of organising production become obsolete and hinder further progress. Karl Marx wrote: "At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production or—this merely expresses the same thing in legal terms—with the property relations within the framework of which they have operated hitherto. From forms of development of the productive forces these relations turn into their fetters. Then begins an era of social revolution."

These inefficiencies manifest themselves as social contradictions in society which are, in turn, fought out at the level of class struggle. Under the capitalist mode of production, this struggle materialises between the minority who own the means of production (the bourgeoisie) and the vast majority of the population who produce goods and services (the proletariat). Starting with the conjectural premise that social change occurs due to the struggle between different classes within society who contradict one another, a Marxist would conclude that capitalism exploits and oppresses the proletariat; therefore, capitalism will inevitably lead to a proletarian revolution. In a socialist society, private property —as the means of production—would be replaced by cooperative ownership. A socialist economy would not base production on the creation of private profits but on the criteria of satisfying human needs—that is, production for use. Friedrich Engels explained that "the capitalist mode of appropriation, in which the product enslaves first the producer, and then the appropriator, is replaced by the mode of appropriation of the products that is based upon the nature of the modern means of production; upon the one hand, direct social appropriation, as means to the maintenance and extension of production—on the other, direct individual appropriation, as means of subsistence and of enjoyment."

Marxian economics and its proponents view capitalism as economically unsustainable and incapable of improving the population's living standards due to its need to compensate for the falling rate of profit by cutting employees' wages and social benefits while pursuing military aggression. The socialist mode of production would succeed capitalism as humanity's mode of production through revolution by workers. According to Marxian crisis theory, socialism is not an inevitability but an economic necessity.
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