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POL 315 THEORY AND PRACTICE OF MARXISM Until late 80’s and early 90’s Marxism was a competing paradigm of governance in the world leading to cold wars and a hostile east/west divide between socialist and capitalist camps. SELF-ASSESSMENT EXERCISE i. Explain the connections between scarcity and exploitation. ii. Socialism leads to end of exploitation and oppression. Discuss. 6.0 TUTOR-MARKED ASSIGNMENT 1. Identify the basis of exploitation in society. 2. Explain exploitation as the basis of capitalist power. 7.0 REFERENCES/FURTHER READING Anifowose, R. & Enemuo, F. (Eds). (2008). Elements of Lagos: Sam Iroanusi Publications. Politics. Appadorai, M.A.(1974). The Substance of Politics. (11 th ed.). Madras: Oxford University Press. Haralambos & Holborn. (2004). Sociology: Themes and Perspectives. London: Harper Collins Publishers Ltd. 49