MARXISM

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 -The proletariat are the
people who control the members of the working
means of production in a class.
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.
Thank
you