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Marx and Weber, were they alive today, would likely use Conflict Theory to study the unprecedented bail outs by the US government which have proven to be a rich-to-rich wealth transfer.

But, most Conflict theorist would argue that more often than not Conflict assumptions do apply.

Theory is a set of interrelated concepts used to describe, explain, and predict how society and its parts are related to each other.

The metaphor I’ve used for many years to illustrate the usefulness of a theory is what I call the "goggles metaphor." Goggles are a set of inter-related parts that help us see things more clearly.

Conflict theory is especially useful in understanding: war, wealth and poverty, the haves and the have nots, revolutions, political strife, exploitation, divorce, ghettos, discrimination and prejudice, domestic violence, rape, child abuse, slavery, and more conflict-related social phenomena.