Karl Marx and Max Weber Different Views on Capitialism

Introduction of Karl Marx and Max Weber Theories Karl Marx and Max Weber speak about capitalism and social class. They both agree that modern methods of organization have tremendously increased the effectiveness and efficiency of production. However they both have different concept of theories. Karl Marx speaks about Alienation and Critique of Capitalism .Marx argued that this alienation of human work is precisely the defining feature of capitalism. He regards alienation as product of the evolution of division of labor, private property and the state: When these phenomena reach an advanced stage, as in capitalist society the individual experiences the entire objective world as a conglomerate of alien forces standing over and above them.†¦show more content†¦Marx understood this struggle between these two classes, he knew this soon would become unacceptable to workers and they would come to realization of the inequity in their society. Max Weber theory of class is that capitalist and the proletarian meet in a market and come into it in different ways as purchaser of labor power and as seller, as someone able to wait, not compelled to buy or sell merely to survive another day that’s the capitalist and as someone who must sell his services today or starve. Therefore Marx two classes, in Weber view are distinguished essentially by their relation to a market and precisely by their bargaining power. Bargaining power is matter of monopoly or lack of it. Weber then analyses class mainly in terms of â€Å"monopoly†. To Max Weber, writing in the early 1900s, Marx’s view was too simple –he agreed that different classes exist but he thought that â€Å"Status† or â€Å"Social Prestige† was the key factor in deciding which group each one of us belongs to. Where we live, our manner of speech, our schooling, our leisure habits, these and many other factors decide our social class. He thou ght that the way each person thinks about his/her â€Å"Life Chances†- if we feel that we can become a respected and highly valued member of the