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The ruling class - overview
Central to Marxist theory
Power based on means of production ­
bourgeoisie
Term too simplistic
Ownership of means of production ruling
society?
'Ruling class' better described as elite?
Group in power always owns means of
production?
Difference between ownership and control?…read more

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Wealth ­ the ruling class
Person's net worth
If ownership = wealth, remains in hands of few
Sustained ownership of majority wealth by minority
inequal distribution of wealth…read more

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Managerialism
· Growth of joint stock companies
· Power with directors
managerial revolution
· Daniel Bell ­
· industrial society ­ production of
goods
· post-industrial society ­
production of services
· Knowledge is power in post-
industrial society…read more

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Post-industrial society?
· Challenged by Marxists
· Knowledge produced through capital
investment to serve capitalist
business
· Top managers = shareholders, profit
motive
· Shareholders not united in aim
· Managerial revolution = myth
· Capitalist class in control of modern
capitalism: entrepreneurial. rentier,
executive, finance
· Existance of capital class does not
mean ruling…read more

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Comments

wngono

A great and comprehensive PPT focusing on the various dimensions of class. Excellent.

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