Conflict theory states that powerful people use legal system for the removal of elderly competitors from the work force.
<h3>What is conflict theory?</h3>
Karl Marx is credited with developing the social concept of conflict theory. It aims to provide an explanation for current political and economic events through the constant conflict over limited resources. Marx emphasises the conflicting relationships between social classes in this struggle, particularly those between the capital owners—whom Marx refers to as the "bourgeoisie"—and the working class, which he refers to as the "proletariat." Conflict theory had a significant impact on thinking in the 19th and 20th centuries and continues to do so now.
<h3>What Are Some Common Criticisms of Conflict Theory?</h3>
Conflict theory is frequently criticised for failing to explain how economic interactions might benefit the various classes engaged in a situation. According to conflict theory, for instance, there is conflict between employers and employees since the former want to pay as little as possible for the labour of the latter while the latter want to maximize their income. In reality, however, ties between workers and bosses are frequently positive. Moreover, by granting employees a greater stake in their employer's success, structures like pension plans and stock-based compensation can further obfuscate the line separating employees and corporations.
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