English & Literature

Marxism

Why did Marxist and Friedrich Engels invent "Marxism"?

What did they base on?

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Karl Marx believed that capitalism was an overtly, chaotic system of production, which was beyond the control of humanity. Although it served to raise human productive capacity to a height never before achieved, captialism itself was doomed to plunge society into an increasingly, greater crises. Marx also noted that the system was responsible for creating the modern proletariat, a class set to overthrow the capitalist class and ready to build a planned economy, which would use the resources of society for the benefit of all.

These ideas were a direct continuation of German philosophers, the English political economy,and French socialism.

Source(s)

marxist.com