What is Marxism?

Marxism, to put it rather simply, is a type of economic system proposed

by Karl Marx in which there are no classes. The government would
control all resources and means of production to, in theory, ensure
equality. It's worth noting there are many variations of "communism," and
all such types of governments to date have yet to truthfully/successfully
implement it as idealized by Marx.

Marxism is a particular type of social and economic system in which the

means of production are not owned by the wealthy but by the producers
themselves. It is the idea that people own their labor and input labor and
get out the equal amount of product, value and resources. That way,
people are not paid less than they produce so that others can profit off of
their labor instead of off of their own. It eliminates the notion of profit for
profits sake and postulates that if everyone puts in labor and the
products, value, resources that result are then redistributed back to the
laborers in equal value to their imputs then everyone owns their own
labor, effort and time rather than others being able to "exploit" laborers
by essentially skimming the excess off the top which continues to
propagate the status quo. Laborers can only work at one place at a time
because time is one dimensional but owners can own multiple
businesses at once and, therefore earn more than laborers for less
physical effort.

Marxism is an idealistic economic philosophy in that it assumes that all

people rich and poor want to work and will work to get what they need. It
does not allow for corruption, organized crime, moochers, scam artists
and the like. It has at its basis a very pro-human notion that assumes
human nature is to be honest and earnest at all times. And, that by
equalizing every person, no individual will possess the power that is said
to corrupt.