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A young Karl Marx

Marxism is the philosophy, social theory and political practice based on the works of Karl Marx, a 19th century German socialist philosopher, economist, journalist, and revolutionary. Marx, often in collaboration with Friedrich Engels, drew on G. W. F. Hegel's philosophy, the political economy of Adam Smith and David Ricardo, and theorists of 19th century French socialism, to develop a critique of society which he claimed was both scientific and revolutionary. This critique achieved its most systematic (albeit unfinished) expression in his most famous work, Capital: A Critique of Political Economy, more commonly known as Das Kapital.

Marx defined history on a strictly economic basis, stating that history had 6 steps (Tribe, Slavery, Feudalism, Capitalism, Socialism and Communism), where economic inequility caused each step to be replaced over time. He as a communist believed that a violent revolution would be the catalyst in the transformation from capitalism to socialism. Since its inception and up to the present day, Marxism has been situated largely outside the political mainstream, although it has played a major role in history. Today, Marxist political parties of widely different sizes survive in most countries around the world.