Saturday, February 22, 2014

Chris Dillow — The "middle class", & Marxism

The current situation is precarious for "captialists" v. "workers" in Marxist terms since it is crucial for the haute bourgeoisie that is, the rentiers, capitalists and top managers, to keep the petite bourgeoisie, or small business people, with them rather than the petite bourgeoise allying with the proletariat, that is, those selling their labor as opposed to those selling the product of others' labor.

While this is a somewhat dated point of view today, since conditions have changed considerably since Marx was writing, there are parallels that Chris Dillow brings out and which others are also noticing and calling to attention.

While conditions may have changed since the time of Marx, class structure and power structure persists.

Stumbling and Mumbling
The "middle class", & Marxism
Chris Dillow | Investors Chronicle

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