Marxism
Marxism is a method of socioeconomic analysis that views class relations and social conflict using a materialist interpretation of historical development and takes a dialectical view of social transformation. It originates from the works of 19th century German philosophers Karl Marx and Friedrich Engels.
Marxism uses a methodology, now known as historical materialism, to analyze and critique the development of capitalism and the role of class struggles in systemic economic change.
According to Marxian theory, class conflict arises in capitalist societies due to contradictions between the material interests of the oppressed proletariat—a class of wage labourers employed by the bourgeoisie to produce goods and services—and the bourgeoisie—the ruling class that owns the means of production and extract their wealth through appropriation of the surplus product (profit) produced by the proletariat.