Category Archives: Marxism

Marxism, named after Karl Marx, is an extreme leftist ideology and form of dictatorship that severely limits personal and economic freedom, including property rights. Under Marxism, the government owns and controls property and the means of production. Marxism engages in redistribution of “wealth”, i.e., income, savings, and property, from those who earned it and own it to those who did not earn it and do not own it. You don’t have to be wealthy to have your “wealth” redistributed. Karl Marx summarized the redistribution feature of Marxism with his famous quote, “From each according to his ability, to each according to his needs.” A key feature of Marxism is centralized control and planning of the economy by government dictators and bureaucrats.

Marxism fails and destroys the economy and production because it destroys the incentives to produce and to increase productivity, and because no person or group of people can centrally plan the economy more efficiently than a free market where every individual and group of individuals act in their own best interest to maximize profit and efficiency.

Communism is government dictatorship based on Marxism. Communist dictatorships including Russia’s Soviet Union (USSR), China, Cambodia, and Vietnam mass-murdered about 145 million innocent civilians during the twentieth century, including about 75 to 100 million in China.

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