MARXISM
Marxism is an economic and social system based upon the political and economic theories of Karl Marx and Friedrich Engels. While it would take veritably volumes to explain the full implications and ramifications of the Marxist social and economic ideology, Marxism is summed up in the Encarta Reference Library as “a theory in which class struggle is a central element in the analysis of social change in Western societies.” Marxism is the antithesis of capitalism which is defined by Encarta as “an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.” Marxism is the system of socialism of which the dominant feature is public ownership of the means of production, distribution and exchange.
Marxists tend to divide Capitalist society into two related "spheres of influence":
a. The economic base (or infrastructure) and
b. The political and ideological superstructure.
Those whose own and control the means of production (the economic infrastructure) are powerful in that society (because they are able to use wealth to enhance and expand their power). However, this economically powerful class has to translate this power into political power (control over the State, machinery of government and so forth) and ideological power (control over how people think about the nature of the social world, capitalist society and so forth).
Under capitalism, the proletariat, the working class or “the people,” own only their capacity to work; they have the ability only to sell their own labor. According to Marx a class is defined by the relations of its members to the means of production. He proclaimed that history is the chronology of class struggles, wars, and uprisings. Under capitalism, Marx continues, the workers, in order to support their families are paid a bare minimum