Difference Between Marxism and Neo-Marxism

Marxism and Neo-Marxism

Marxism is an idea which originates from Karl Marx’s views on capitalism, the economic structure of the society and dialectical materialism whereby the focus remains on class inequalities and exploitation due to economic hierarchies, the root of which is capitalism. Neo-Marxists generally criticise the monopolistic and oligarchical nature of capitalism rather than its competitive nature. Whereas Marxism focuses on a stateless society, Neo-Marxists emphasise on the imperialistic and militaristic government to prevent the concentration of surplus capital in the hands of business elites— China can be more or less considered as an example.