Weber's Views Of Capitalism In Karl Marx And Max Weber

Karl Marx and Max Weber, were two great social scientists, who devoted much of their work to the defining of capitalism through understanding its creation, causes, workings, and destiny. In their evaluations of capitalism they arrive at two distinct conclusion caused by similar and distinctly different factors. Though Marx and Weber apply the concept of specialization in very different ways, the implementation and consequences specialization have much in common. What is important about these two sociologist is that they both studied the same and one capitalism but their approach is miles apart from each other and have reached on totally different conclusions? Marx says that class is determined by economic factors and grades class as related

Marx put the blame of inequality on big federal organizations, bureaucracies, capitalist corporations and not the capitalism itself. He says that in a capitalist society the ruling class/bourgeoisie, control the main resources of production and they use their power and status to control the superstructure of the society, including its norms, values and ideologies. Weber argues that inequality defined by Marx has no footing in real life and he defines power as the capability to use others and get their services by using ones resources such as: ownership of land, capital. Social status, physical strength and education. People who run corporations without owning them still benefit from increased production and greater profits. Weber saw stratification in terms of the triadic relationship between class, status and party. Status according to Weber is related to inequalities that are to do with the way in which people judge and relate to each other. Class is to do with inequalities that have their source in the workings of capitalism and the market place. Party is related to concepts of politics in its broadest sense. Weber says people form groups and organizations tend to look after their own interests, thus sustaining and reproducing social inequality. Weber argued that owning property, such as factories or equipment, is only part of what determines a person’s social class. Social class for Weber included power and prestige, in addition to property or