Theorist Karl Marx Argued That Societies in the Emerging Capitalist

Essay

Theorist Karl Marx argued that societies in the emerging capitalist economy of nineteenth-century Europe consisted of two distinct classes of people: those who own the means of production and those who must sell their labor in return for wages. What were these two distinct classes called? What other resources or factors distinguished these two classes, according to Marx? What is one example of a way in which Marx's theory could be applied to understanding societies living in a global economy today? Do you find Marx's theory helpful in understanding class and social inequality today? Why or why not?