1. By bourgeoisie is meant the class of modern Capitalists, owner of the means of social production and employers of wage labour. By proletariat, the class of modern wage-labourers who, having no means of production of their own, are reduced to selling their labour power in order to live.

Marxism is a social, political, and economic theory originated from Karl Marx, focusing on the struggles between capitalists and the working class. Communism is based upon the ideas of common ownership and the absence of social classes, money and the state.

In Marxist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialization and whose societal concerns are the value of property and the preservation of capital to ensure the perpetuation of their economic supremacy in society.

The bourgeoisie first emerged in 11th century Europe as a class of craftsman, artisans and merchants who lived in urban areas known as bourgs. They self-organized into societies known as guilds in order to monopolize their trade.

Proletariat, the lowest or one of the lowest economic and social classes in a society.

Marxism is a social, political, and economic philosophy named after Karl Marx. It examines the effect of capitalism on labor, productivity, and economic development and argues for a worker revolution to overturn capitalism in favor of communism.

The top 10 most capitalistic countries are:

• Hong Kong.
• Singapore.
• New Zealand.
• Switzerland.
• Australia.
• Ireland.
• United Kingdom.
• Canada.

195 countries

The creation of the PRC also completed the long process of governmental upheaval in China begun by the Chinese Revolution of 1911. The “fall” of mainland China to communism in 1949 led the United States to suspend diplomatic ties with the PRC for decades.