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The socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory. The Marxist definition of socialism is that of production for use-value (i.e ...
In their view, claimed to be more revolutionary (in that true liberation from capitalism must be the self-emancipation of the working class—"socialism from below"), what really defines the capitalist mode of production is: Means of production which dominate the direct producers as an alien power. Generalized commodity production
This is an accepted version of this page This is the latest accepted revision, reviewed on 4 March 2025. Economic and sociopolitical worldview For the political ideology commonly associated with states governed by communist parties, see Marxism–Leninism. Karl Marx, after whom Marxism is named. Friedrich Engels, who co-developed Marxism. Marxism is a political philosophy and method of ...
In the Marxist view of capitalism, this is a conflict between capitalists (bourgeoisie) and wage-workers (the proletariat). For Marxists, class antagonism is rooted in the situation that control over social production necessarily entails control over the class which produces goods—in capitalism this is the exploitation of workers by the ...
In the classic Marxist definition (pure communism), a communist economy refers to a system that has achieved a superabundance of goods and services due to an increase in technological capability and advances in the productive forces and therefore has transcended socialism such as a post-scarcity economy. This is a hypothetical stage of social ...
Eco-socialism is a political strain merging aspects of socialism, Marxism or libertarian socialism with green politics, ecology and alter-globalisation. Eco-socialists generally claim that the expansion of the capitalist system is the cause of social exclusion, poverty, war and environmental degradation through globalisation and imperialism ...
Marxist sociology refers to the application of Marxist epistemologies within the study of sociology. [1] It can often be economic sociology , political sociology or cultural sociology . Marxism itself is recognised as both a political philosophy and a social theory , insofar as it attempts to remain scientific, systematic , and objective rather ...
The socialization and centralization of industry and capital under capitalism lays the foundations for a socialist economy. Socialism entails ownership of the socialized means of production by the workers engaged in the production either in the form of worker ownership or social ownership by all of society. The establishment of social ownership ...