Marxism: Meaning and Definition of

Marx•ism

1. the system of economic and political thought developed by Karl Marx, along with Friedrich Engels, esp. the doctrine that the state throughout history has been a device for the exploitation of the masses by a dominant class, that class struggle has been the main agency of historical change, and that the capitalist system, containing from the first the seeds of its own decay, will inevitably, after the period of the dictatorship of the proletariat, be superseded by a socialist order and a classless society.