Capitalism thrives in contemporary society through various mediums such as the bog standard text-book to glamorous movies such as The Wolf of Wall Street, capitalism is an economic system in which goods are produced for profit (rather than one’s own immediate use) and sold (rather than bartered) in a free market (Bruce and Yearley, 2006, p.26). Despite the fact that the term originating eons ago, sociologists still have a compulsive obsession with the ancient word and rely on scholars such as Karl Marx and Max Weber.
However both Marx and Weber have diverse views on capitalism as a result this essay will examine both Marx and Weber views on class and power in capitalism, while also analysing the criticisms. At the end of the essay will conclude the fact who has a better understanding of class and power in capitalism. …show more content…
The term bourgeoisie' means landowning whereas proletariat are the working-class (Marx and Engels, 1886), Marx argued that those two relationship leads to exploitation because it only benefits one class ‘bourgeoisies’ but harms the other ‘proletariat’ , thus creating ‘class division’ but in this case an economic division due to the difference in income (Campbell, 1981, p124). Even though Marx’s understanding of class and power in capitalism can be considered outdated, it’s still relevant in modern society for instance Dave Lewis who’s the current boss of Tesco was paid over £4million (Robinson, 2015) whereas the national minimum wage is £6.70 for 21 and over (Gov.uk,
However both Marx and Weber have diverse views on capitalism as a result this essay will examine both Marx and Weber views on class and power in capitalism, while also analysing the criticisms. At the end of the essay will conclude the fact who has a better understanding of class and power in capitalism. …show more content…
The term bourgeoisie' means landowning whereas proletariat are the working-class (Marx and Engels, 1886), Marx argued that those two relationship leads to exploitation because it only benefits one class ‘bourgeoisies’ but harms the other ‘proletariat’ , thus creating ‘class division’ but in this case an economic division due to the difference in income (Campbell, 1981, p124). Even though Marx’s understanding of class and power in capitalism can be considered outdated, it’s still relevant in modern society for instance Dave Lewis who’s the current boss of Tesco was paid over £4million (Robinson, 2015) whereas the national minimum wage is £6.70 for 21 and over (Gov.uk,