In the Nineteenth Century, Karl Marx Argued That Capitalist Societies

Essay

In the nineteenth century, Karl Marx argued that capitalist societies 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 did he call these classes? What other resources or factors distinguished these two classes, according to Marx? Give an example of a way 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?