Modern day communism is what this “Marxism” developed into. Well not exactly what it developed to but it is what communism was based off of. A lot of ideas that the communist parties have today came from Marxism. It had an influence on the socialist party as well. The communist party was formed around Karl Marx’s ideas. It was created around the principles to fix the problems that were created by capitalism. “The most important principle of communism is that no private ownership of property should be allowed. Marx believed that private ownership encouraged greed and motivated people to knock out the competition, no matter what the consequences. Property should be shared, and the people should ultimately control the economy. The government should exercise the control in the name of the people, at least in the transition between capitalism and communism. The goals are to eliminate the gap between the rich and poor and bring about economic equality.” (ushistory.org). “Capitalism is based on private ownership of the means of production and on individual economic freedom. Most of the means of production, such as factories and businesses, are owned by private individuals and not by the government. Private owners make decisions about what and when to produce and how much products should cost.” (ushistory.org). As you can possibly tell this became a
Modern day communism is what this “Marxism” developed into. Well not exactly what it developed to but it is what communism was based off of. A lot of ideas that the communist parties have today came from Marxism. It had an influence on the socialist party as well. The communist party was formed around Karl Marx’s ideas. It was created around the principles to fix the problems that were created by capitalism. “The most important principle of communism is that no private ownership of property should be allowed. Marx believed that private ownership encouraged greed and motivated people to knock out the competition, no matter what the consequences. Property should be shared, and the people should ultimately control the economy. The government should exercise the control in the name of the people, at least in the transition between capitalism and communism. The goals are to eliminate the gap between the rich and poor and bring about economic equality.” (ushistory.org). “Capitalism is based on private ownership of the means of production and on individual economic freedom. Most of the means of production, such as factories and businesses, are owned by private individuals and not by the government. Private owners make decisions about what and when to produce and how much products should cost.” (ushistory.org). As you can possibly tell this became a