The Marxist Theory View on Ownership.

Write 5 pages with APA style on The Marxist Theory View on Ownership. Karl Marx’s economic and political philosophy engages the role of class struggle in the transformation of society from suppression under capitalism towards the socialist classless type of society. It propagates that capitalism will be overrun by communism. Karl Marx and Friedrich Engels define ideology to be “The ideas of the ruling class are in every epoch the ruling ideas. The class which has the means of material production at its disposal has control at the same time over the means of mental production.” This implies that the system of ideas that the ruling class possess is what is considered society’s ideologies. This gives the ruling class dominance of ideas. Marxian viewpoint, therefore, confront those of neo-classical economics and this theory explains politics and economics in the light of culture and ideology (Donham, 1990).

The media as well is termed as a tool that the ruling class uses to disseminate ideas to the society that are favorable to them. Those that own the production means are perceived as the most influential and authoritative. Under classical Marxism, society is viewed as an arena in which the struggle of interests of the different class exists. Karl Marx points out that the press is open to the means that ideology is instituted to ensure that the dominant class remains in centre of the economic and political issues in the capitalist society. His thinking has been a centre of discussion in the media community. George Lukacs, a Hungarian Marxist, argued that certain ideologies are identical to a given class of individuals within the society such as bourgeois consciousness. Views presented by the media are legitimately impacted to society (The Marxist Tradition).

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Karl Marx has been explained as a revolutionist, social theorist as well as an economist.&nbsp.

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