explain Karl Marx's 'class theory'
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Class structure of capitalism. In Marxist theory, the capitalist stage of production consists of two main classes: the bourgeoisie, the capitalists who own the means of production, and the much larger proletariat (or 'working class') who must sell their own labour power (See also: wage labour).
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- According to Karl Marx, history was not about abstract ideas; it was about living people.
- Human relationships are shaped by the fundamental needs of people and the ownership as well as nature of prevalent means of production to meet those needs.
- The accessibility of these means to different strata of the society may not be equal.
- This inequality causes a division of the society into classes, leading to class struggle.
- According to Marx, human history is the history of class struggle, as the class that owns the means of production economically exploits the rest of the classes.
- This is Karl Marx class theory.
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