"Are Marx's views on social class applicable to late 20th century capitalist society?"

Not a lot has changed since Marx first started expressing his ideas on social class over 150 years ago. Writing during the emergence of Industrial Capitalism, Marx foresaw such concepts as globalisation, multinationalism and privatisation - tools of Capitalist society employed to ensure that the balance of money and power leans heavily towards the Capitalist class, or Bourgeoisie. These concepts have created a world in which economics is far more important than sovereignty. Nations can no …

…'Your Money or Your Life!', Esky Magazine, March, pp. 70-71. Lovat, T., Follers, J., Parnell, V., Hill, B. & Allard, G. 2000, New Society and Culture, 2nd edn, Social Science Press, Australia. Marx, K. & Engels, F. 1975 (1848), Manifesto of the Communist Party, Foreign Language Press, Peiking. McBride, W.L. 1977, The Philosophy Of Marx, Hutchinson, London. Microsoft Encarta Encyclopaedia 2001, Class, CD-ROM Raphael, D. D. 1970, Problems of Political Philosophy, Macmillan & Co., Great Britain.