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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.
Value of Knowledge Reference. Marxism is the movement founded by Karl Marx and Frederick Engels which fights for the self-emancipation of the working class, subjecting all forms of domination by the bourgeoisie, its institutions and its ideology, to theoretical and practical critique.