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Flaws of Marxism. Marxâs communism appears quite logical if his assumptions are correct. However, many of his basic assumptions are in doubt and by his own standards of praxis determining the validity of philosophy communism has failed the test of historical application.
So, one can say that Marxism and Socialism are two kinds of systems that are to be understood as different when it comes to their concepts and ideologies. Marxism is more theoretical in nature whereas Socialism is more practical in nature. This is one of the main differences between Marxism and Socialism.