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Definition of 'Marxism'
A social, political and economic philosophy that examines the effect of capitalism on labor, productivity and economic development. Marxism posits that the struggle between social classes, specifically between the bourgeoisie (capitalists) and proletariat (workers), defines the development of the state, and that the bourgeoisie seek to gain control of the factors of production from the "masses". Only by eliminating the control of the economy from private ownership will the economy continue to grow.
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Investopedia explains 'Marxism'
Because Marxism encompasses social and political ideologies, it is often considered separate from Marxian economics, which focuses on the criticisms of capitalism brought forth by Karl Marx in his 1867 book, "Das Kapital".
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Search results for 'Marxism'
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http://www.investopedia.com/articles/economics/09/john-maynard-keynes-keynesian.asp
... Keynes believed that free market capitalism was inherently unstable and that it
needed to be reformulated both to fight off Marxism and the Great Depression. ...
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http://www.investopedia.com/articles/economics/08/state-run-private-enterprise.asp
Find out how former Iron Curtain countries used private
enterprise to join the world financial markets.
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