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What we now call Marxism is, first and foremost, a theory of history — of the different stages of historical development, of how the capitalist stage we’re now at works, and of how we can transcend capitalism and achieve socialism. Marx postulated that the legal and political institutions of every society are downstream of its “relations of production.” These are the relations between some class of “immediate producers,” who actually make the products and services that make society run, and the ruling class of any given society — for example, the relationship between slaves and slave-owners, between medieval peasants and lords, or between modern-day wage laborers and business owners.
✏️ This and next couple of highlights are some core tenants of Marxism.
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