1. Criticisms of Miliband's Marxism
To justify the existence of a 'dominant class', Miliband cited the shocking inequality statistics of the 1960s. ... Describing Britain to be the 'most obvious example' of this inequality, seeing as the richest '1% of the population owned 42% of personal wealth, 5% owned 75% and 10% owned 83%', and America's similar statistics that in 1953, 75% of corporate stock was divided between 1% of adults' (Miliband pp25-26), he attacks any belief in 'People's Capitalism' as invalid due to the fact that this 1% is a 'self-perpetuating oliga...
- Word Count: 2635
- Approx Pages: 11
- Has Bibliography
- Grade Level: Graduate