1. Criticisms of Miliband's Marxism
In his 1969 work, "The State in Capitalist Society," Ralph Miliband outlined what he saw as several key aspects of the nature of the neoliberal world. ... 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 &...
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- Grade Level: Graduate