How Does Marxism Work?

[Diirez]

How does a Marxist economy work?

[Blake's Baby]

It doesn't, there is no such thing as 'a marxist economy'. Communist society will be the destruction of 'economy'.

The end result of the marxist critique of capitalism posits a situation where the working class

1 - takes all production into its own hands directly;
2 - generalises its own conditions throughout the population.

This will
3 - lead to the end of class society (because there is now no longer a difference between a 'working class' and a 'capitalist/owning class');
4 - and the whole of society will collectively manage the decisions about what should be produced and how.

That's it in outline at least.