Class Structure
Marx distinguishes one class from another on the basis of two criteria: ownership of the means of production and control of the labor power of others. From this, he defines modern society as having three distinct classes:
i. Capitalists, or bourgeoisie, own the means of production and purchase the labor power of others
ii. Workers, or proletariat, do not own any means of production or the ability to purchase the labor power of others. Rather, they sell their own labor power.
iii. A small, transitional class known as the petite bourgeoisie own sufficient means of production but do not purchase labor power. Marx's Communist Manifesto fails to properly define the petite bourgeoisie beyond “smaller capitalists” (Marx and Engels, 1848, 25).
Class is thus determined by property relations not by income or status. These factors are determined by distribution and consumption, which mirror the production and power relations of classes.
Read more about this topic: Marxian Class Theory
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