How does Marxism affect our society?


Karl Marx
The German economist, philosopher and journalist was born in 1818. After studying law, philosophy and history, Marx was editor of the "Rheinische Zeitung". From 1843 in Paris, Marx dealt with the classical school of economics and the French early socialists. This is where the friendship and collaboration with Friedrich Engels began. Both wrote the "Communist Manifesto" in 1848. Expelled from Germany for his political engagement (Marx was editor of the left-wing democratic Neue Rheinische Zeitung), Marx lived in exile in London from 1849, often financially supported by Engels. It was here that his main works were written, in which he analyzed the capitalist mode of production: "On the Critique of Political Economy" (1859) and "Das Kapital" (Volume 1, 1867; Volume 2 and 3 published by Engels in 1885 and 1894, respectively). In the last years of his life, Marx found his recognition as a leading exponent of scientific socialism. Marx died in 1883.
Social theory and theory of political economy founded by Karl Marx (* 1818, † 1883) and Friedrich Engels (* 1820, † 1895) (see there), the core of which is the capitalist production relations criticized by Karl Marx in his time. According to this, society is not determined by political, legal or moral ideas, but by the progress of material production technology. According to the Marxist view, capitalist production relations have the effect that the social division of labor deepens and economic wealth is created only by the working class (proletariat), while wealth and ownership of the means of production are concentrated in the hands of fewer and fewer capitalists. This contradiction between social production by the working class and the private appropriation of profits by the capitalists, described by Karl Marx as the fundamental contradiction of capitalist production, can only be eliminated through the revolutionary uprising of the working class. The working class expropriates the capitalists and ownership of the means of production is converted into social property. Capitalism is being replaced by socialism (see there). Ultimately, however, the creation of a classless society under communism (see there) is sought.

Duden Wirtschaft from A to Z: Basic knowledge for school and study, work and everyday life. 6th edition. Mannheim: Bibliographisches Institut 2016. Licensed edition Bonn: Federal Agency for Civic Education 2016.