Custom Paper: Marxist Theory of Poverty and Inequality
Marxist Theory of Poverty and Inequality
Lastly, the Marxist theory of poverty and inequality is a radical departure from the individualistic and the cultural theories. Marxists do not blame the poor for their poverty (individualistic approach) nor do they blame their culture (cultural approach) (Jordan 1996).
According to Marxists, the poor people are an integral part of the working class; therefore, they are just representative of a stratum. They argue that the poor need to be seen more or less as part of a continuum. Nonetheless, Marxists look for explanations in the structures of the society (global society), in the present economic setup (Jordan 1996). The World Bank and the IMF must address the capitalist systems that threaten to limit their effort to fight poverty.
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