Which theory suggests economic elites have significant influence in politics?

Marxist theory is focused on the idea that economic elites, or the bourgeoisie, hold significant power and influence over political processes and institutions. This perspective posits that those who control the means of production—wealthy individuals and corporations—are able to shape government policies and outcomes to benefit their own interests, often at the expense of the working class or proletariat. According to Marxist theory, this economic disparity leads to political inequality, where the interests of the masses are sidelined in favor of those who hold economic power. The theory emphasizes the struggle between classes, suggesting that economic structure fundamentally underpins political dynamics and social relations.

In contrast, other theories like Libertarian, Utilitarian, and Pluralist may focus on different aspects of political influence, such as individual freedoms, collective welfare, or group competition in politics, rather than the primacy of economic power wielded by a wealthy elite.