-kˌsizəm noun
( -s )
Usage: usually capitalized
Etymology: Karl Marx + English -ism
: the political, economic, and social principles and policies advocated by Marx, Friedrich Engels, or their followers ; especially : a theory and practice of socialism developed by or associated with Marx and including the labor theory of value, dialectical materialism, economic determination of human actions and institutions, the class struggle as the fundamental force in history, and a belief that increasing concentration of industrial control in the capitalist class and the consequent intensification of class antagonisms and of misery among the workers will lead to a revolutionary seizure of power by and the dictatorship of the proletariat and to the establishment of a classless society — compare bolshevism , communism , leninism , revisionism , stalinism , syndicalism , titoism