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Karl Marx's (1818 - 1883) theory of capitalism.  

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Marxism like functionalism is concerned with the overall picture of society. Marxism is seen as a conflict theory, Mainly because they see the primary interests of society as a whole as being made up of conflicting groups with conflicting interests or beliefs. We are a very materialistic society. A society made up of those who have, and those who have not. Marxists sociologists say that there will never be true social harmony because there are too many inequalities within our cultural society. Marx gave names to the haves and have nots, they are known as the Bourgeoise and the Proletariats. One way of assessing the power of the upper class is through the study of elites (people who fill the top positions in each of the major institutions of society); most of the sociological debates have centered on economic elites and political elites. (Sociology in focus 5th Edition, 2000, page...

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