This very idea of government intervention into social welfare is reflected heavily in American government today. ... Instead of social welfare policy Marx calls for a social and political revolution so that production and distribution is completely managed in common. Contrasting strongly with both Owens call for social welfare legislation and Marx's cooperative revolution, individualists promote limited government to allow the most effective competition between firms, and consequently the most efficient production and distribution. ...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate

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 oligarchy' entirely inaccessible to most of the population.1 The 'dominant class', he argues, 'uses the state&...

• Word Count: 2635
• Approx Pages: 11
• Has Bibliography
• Grade Level: Graduate