Karl Marx - Understanding Marxism

This is a video I found on youtube, a student explains Marxism, by breaking it down into sections so it is easier to understand, this helped me understand a more in depth explanation  to what exactly Marxism is.

Marxism is an economic and socio-political worldview that contains within it a political ideology for how to change and improve society by implementing socialism. Originally developed in the early to mid 19th century by two German émigrés living in Britain, Karl Marx and Friedrich Engels, Marxism is based upon a materialist interpretation of history. Taking the idea that social change occurs because of the struggle between different classes within society who are under contradiction one against the other, the marxist analysis leads to the conclusion that cpaitalism, the currently dominant form of economic management, leads to the oppression of the proletariat, who not only make up the majority of the world's populace but who also spend their lives working for the benefit of the bourgeoise, or the wealthy ruling class in society.

To correct this inequality between the bourgeoisie, who are the wealthy minority, and the proletariat, who are the poorer majority, Marxism advocates, and believes in the historical inevitability of, a proletarian revolution, when the proletariat take control of government, and then implement reforms to benefit their class, namely the confiscation of private property which is then taken under state control and run for the benefit of the people rather than for the interests of private profit. Such a system is socialism, although Marxists believe that eventually a socialist society would develop into an entirely classless system, which is known as communism in Marxist thought.