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Governance and Public Policy QUESTION #10540
Question 1
Which governance theory is most fundamentally critical of market dominance and private ownership of the means of production?
  • Neoliberalism
  • Rational Choice Theory
  • Communitarianism
  • Marxism✔️
Correct Answer Explanation
Marxism provides the most systematic critique of market dominance and private ownership of productive resources. Marx argued that private ownership of the means of production is the root cause of class exploitation, alienation, and systemic inequality. In governance, Marxist theory critiques the state as an instrument of the capitalist ruling class, contrasting sharply with neoliberalism's embrace of markets and private ownership.