What is Marxism? | Marxism Explained | Who was Karl Marx and Friedrich Engels? Communist Manifesto

In this video, we’ll take a look at the basics of what you should know about Marxism.

Marxism is a social, political, and economic philosophy. It is mostly about the battle between the working class and the ownership class and favors communism and socialism over capitalism. Marxism was first publicly formulated in 1848 in the pamphlet The Communist Manifesto by Karl Marx and Friedrich Engels, which lays out the theory of class struggle and revolution. It inspects the effect of capitalism on labor, productivity, and economic development and argues for a worker revolution to overturn capitalism in favor of communism. Marxism hypothesizes that the struggle between social classes—specifically between the bourgeoisie, or capitalists, and the proletariat, or workers—defines economic relations in a capitalist economy and will inevitably lead to revolutionary communism.

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#Marxism #Communism #karlmarx

[ScottGresley-dfsq]

This is exactly how high school should be taught. This way of teaching keeps your focus on the subject. With so many

[krzysztofnowak]

In fact, Marx did not fight for workers but for power

[falcorthewonderdog]

Give me one example where Marxism, socialism, or communism benefited the working class. One example.

[hellocrappy]

Capitalism has led to the most wealth creation in the history of the world. As any student of History will tell you, there has never been more prosperity in the history of humanity than there is right now, and this is due to capitalism.

Conversely, socialism and communism have led to more oppression, death, and starvation than any other economic system.

[stvargas]

Engels was the son of an industrialist. Marx lived off of Engels generostity

[jamesandjelic]

"The problem with Socialism is that you eventually run out of other people's money"
--Margaret Thatcher

[alanreyes]

I rather live in a free capitalistic country than a socialistic one.

[t-bone]

The goal of the current regime. So obvious. 😮

[sonnypruitt]

I'd rather have big business, than big government. 😎

[walterwilkinson]

The problem is if you take power from companies, which produce wealth, and give it to the government which does not create wealth. You get an over spending inflation creating corrupt government, were government officials get rich while every one else becomes equally poor.

[jerrycoggin]

To fully understand communism you must fully understand capitalism. To me, capitalism is what exists in a free society. Free markets mean freedom to me. Sadly, Marx's vision leads to authoritarian dictatorial governance. If communism is good and capitalism is bad, why does the Soviet Union not exist anymore and the United States has the biggest economy in the world?

[MartianTom]

'Although markets have changed over time, they haven't led to the prevalence of monopolies.' Yes they have. A handful of giant corporations produce and distribute most of the world's food. And a handful of tech titans effectively control everything now - including, most importantly and drastically, our minds.

[manibabai]

I think Marx made some good points, however he instead of a revolution (un-)intentionally made a neo-religion of severely dangerous people like Stalin, Mao and Castro, who ended up killing more than two world wars combined.

[quatele]

There have only been two real world experiments where a single society was split into a more socialist half and a more capitalist half. Those are East/West Germany and North/South Korea. Both experiments resulted in economic and humanitarian disaster for the unfortunate souls who found themselves on the socialist side.

[sukhpreetjhass]

Very simply and nicely explained. Great effort has been put into making the video and it shows. Thanks a lot! This really helped.

[Deskooled]

Many people in this thread don't understand what monopoly means. To be in monopoly a company must control more than 80% of the market. That's nearly impossible in a global economy. The only monopolies are the ones that are closely intertwined with government.

Marx predicted the end of Capitalism within his lifetime. After Marx died economic growth went through the roof. The best 150 years have been incredible with massive new technologies and huge improvements in child mortality rates. We live in the best time of all human history and people want to whine about it on the internet on their $1, 000 iPhone.

[nickprague]

When someone opens a business, his initial success is dependent on his own potential, but no business or industry grows without taking care of the workers. Quality of life only exists in a capitalist society.

[shepardice]

The first two criticisms of what Marx predicted are completely true though lmao. Capitalism as it has matured has become increasingly consolidated in monopolies and the largest firms have more power than ever. His prediction of boom and bust cycles and depressions was also completely accurate. We're about to go through another recession right now and despite being told they were rare occurrences or would diminish in frequency, this will mark the 5th global economic crisis in just the 21st century. If anything Marx's ideas are more relevant in today's world than they were when he wrote it, because then the working class was not the majority and capitalism was not global. Also of course societies without money, private property, and competition have existed. Capitalism is the only time in history where markets are the central mechanism of production. They existed before in some societies, but it wasn't the foundation of the economy. That makes capitalism historically contingent, and it'd be odd to say the features of a capitalist economy are permanent. Was Rome or Egypt permanent? Was the divine right of kings permanent? Why would today be any different?

[PR-vtlc]

I can't thank you enough for the great videos. As a visual learner, so far, this has been the best video I've ever watched. I learned so much from your way of explaining it. Please cover more economic lessons in your next videos.

[zympf]

let's work this in reverse, which political system has led to the most deaths and malfunctioning economies? there is no need to ponder over this question, the result are out!