Relevance of Marism in the 21st Century

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Relevance of Marxism in the 21st Century

Marxism is much more than a theory or even a school of thought. The Encyclopaedia Britannica describes is a body of doctrine that was developed by Karl Marx with contributions from Friedrich Engels in the mid-19th century. Marxism is a way of viewing the world from an economic and socio-political context. Originally, Marxism consisted of three basic ideas that were in some way related to each other: a philosophical anthropology, an economic and political, and program a theory of history. In other words, it is a combination of an economic theory, a political school of thought as well as a view of social change that was later picked up by socialist political movements across the globe. It has often been viewed as an analysis and critique of the development of the theory and practice of capitalism.

Marx’s work cannot be defined as a mere philosophy or even a philosophical system for that matter. In fact, it is a critique of philosophy, that of GWF Hegel in particular. The basic tenet of the Marxist school of thought is that philosophy has to be translated into reality. Marx said that merely interpreting the world should not be the goal of a philosopher or a political thinker. In fact, one must work towards changing and transforming the world we live in, thereby bringing about a change in not just the society but also the human consciousness of it (Marx, 1869). Marx’s work and the ideals of Marxism were heavily associated with concepts such as appropriation, alienation, praxis, creative labour, value, and so on. The basic political thinking within Marxism is built upon the notion of positive change and that a critique of ideals is the basis of all knowledge. This way, Marxism defers from empiricism (Britannica, 2011).

Marxism has found great appeal as a political thought for several class-based revolution and have been the theoretical basis for the policies and politics of several regimes...
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