The Marxist perspective plays a considerable role within political theory (Marx and
Engels, 1848). However, its applicability towards an understanding of the
American system has been somewhat muted. Marxism has long been verboten within
American discourse, which may well have led political commentators to downplay
its significance. Marxism however does cast some light upon the American
political system, particularly the role and significance of pressure groups.
Marxism is at heart a
critique of the capitalist system. The Marxist perspective argues that the
bourgeoisie exploit the proletariat as a result of the power dynamics within a
capitalist economic system. As a consequence, the political process is
dominated by wealthy interests that serve to uphold the dominance of one social
class over another. In making this bold claim, there is some level of overlap
with the elitist description of the political process. However, Marxism seeks
to put forward a prescription for a utopian society whereas elitism does not.
A modern-day manifestation of the Marxist
perspective is the Occupy movement. It seems somewhat appropriate that the
movement was borne just outside the epicenter of the financial services
industry, as there could scarcely be a more potent illustration of the power wielded
by the bourgeoisie than Wall Street. Although it is sometimes criticized for
lacking an overall narrative, OWS certainly reflects a Marxist perspective upon
the capitalist economic system.
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