Marxist economics

Marxist economics is a theory based on the ideas of Karl Marx, focusing on the relationship between labor, capital, and production. It argues that the economy is driven by class struggle, particularly between the working class (proletariat), who sell their labor, and the owning class (bourgeoisie), who profit from that labor. Marxists believe capitalism inherently leads to inequality and exploitation, as capitalists accumulate wealth while workers remain marginalized. They advocate for a system where resources and production are collectively owned, aiming to create a more equitable society by eliminating class distinctions.