Business Finance
Discuss the concept of Marxism

Question Description

Please explain the concept of Marxism. Make sure to discuss its pros and cons in society. Give a detailed answer, cite references when possible. This has to be at least 500 words.

Final Answer

Attached.

Running head: THE CONCEPT OF MARXISM

1

The Concept of Marxism

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THE CONCEPT OF MARXISM

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The Concept of Marxism

The concept of Marxism focuses on the class analysis of the society and the detrimental
effects of capitalist democracy. Here, Karl Marx explores the various effects of class on politics
as well as the problems in a bourgeois society. The concept of Marxism also focuses on how the
class operates in the capitalist nation. The bourgeoisie refers to the individual who owns the
means of production in the state and uses their wealth as well as the right to ownership to
accumulate more wealth (DeKeseredy, 2018). The proletarians on the other hand, are those
people who offer their labor in exchange to merge wages. They rent since they cannot afford to
buy a house and risk sta...

University of Maryland

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