For the last 200 years, capitalism’s leading critics have been Karl Marx and the diverse tendencies deeply influenced by Marx’s work. In other words, Marxism has been the leading tradition of thought and practice critical of capitalism. It represents the ideas and experiences accumulated across generations around the globe who tried and try to move society beyond capitalism using Marx’s critical insights. Marx and Marxism are as important on the side of criticizing capitalism as Adam Smith, David Ricardo, and John Maynard Keynes are on the side of those who celebrate capitalism.
Richard Wolff