What are the main points of Karl Marx's theory of class conflict?

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In simplest form in Marxist theory, the following is held to be true:

There are two basic classes in society: the owners of the means of production, called the capitalists or the bourgeoisie, and the workers, called the proletariat. The bourgeoisie is a very small group of people, but they have an immense amount of power. Today we would probably call them the "one percent" or the "one-tenth of the one percent." They own the big industries, the banks, and the factories. They are, needless to say, very wealthy. On their fringes is anyone who lives on interest, rents, or other unearned income. The other class is the workers: anyone who is dependent on a job to earn a paycheck is a member of the working class, the proletariat. In Marx's time, that was mostly factory workers, called the lumpenproletariat.

These two classes are locked in inevitable conflict. This is the law of history. Anyone who says the two classes can get along in mutual harmony for mutual benefit is living in a strange...

(The entire section contains 2 answers and 676 words.)

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