Marxism

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Marxism

The economic and social philosophy espousing free access to goods and services, the lack of distinction between classes, the lack of state or government, and common ownership (not state ownership) of the means of production. Marxism asserts that the proletariat (those with no access to capital but who provide most of the labor) will inevitably overthrow the capitalist class and that the state, after a brief period in which it controls the means of production, will fade away to create an ideal society. Marxism is a type of communism. It is named for 19th-century economic philosopher Karl Marx.
References in periodicals archive ?
Given the failures of laissez-faire capitalism and authoritarian socialism, perhaps the best hope for social sustainability is to find a way to create highly participatory welfare states that allow people to creatively adapt senior government policies to the local site.
Today, of course, few in the mainstream are attracted to Bellamy's kind of authoritarian socialism. What, then, survives today of Looking Backward's outmoded vision?
And it has its scholarly variations, too, such as Arthur Lipow, Authoritarian Socialism in America: Edward Bellamy and the Nationalist Movement (1982).