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Marx failed to predict the future, but it had many useful insights into the past. Discuss. Marxism was first coined by Karl Marx (1818-1883) and Frederich Engels (1820-1895). It's both a theory and practice based on a scientific method of thought called historical dialectal materialism, meaning there is no one clear answer to a question, instead the theory is based on a certain amount of variables that are always restricted and so most of these theories are limited. Through this historical materialism Marx and other Marxists through time have studied the development of forms of social organisation and consciousness, how they have succeeded one another in history and their interconnections with the development of the forces of production mobilised by social formations at each stage in the unfolding of history. To test the validity of theory, Marx relied on truth as the empirical evidence and so using methodology, Marx and Engels...

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