The American Revolution today can be summarized as the uprising of American patriots against the British rule's unfair taxation to the colonies. ... The obvious danger of such economic control initiated a full-blown assailment against wealth, peculiarly lead by some of the richest men in America such as Benjamin Franklin, Patrick Henry, Thomas Jefferson, John Hancock, and George Washington. ...
In pre-industrial or traditional societies, inequalities and thus social stratification were widely held to be natural. ... It was Karl Marx was first scrutinised the 'bourgeois freedoms' created by the English and French revolutions. ... Thus, the landless labourers created as a consequence of the development of industrial capitalism constituted a new class of individuals, a class which would eventually transform capitalist society, the proletariat. ... One of the main sources of empirical evidence for arguments concerning the declining significance of class in late twentieth cent...
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&...
