“Where some possess much, and the others nothing, there may arise an extreme- either out of the most rampant democracy, or out of an oligarchy.” This was once said by Aristotle who was probably the first to recognize the importance of a middle class. A powerful debate whether the middle class is essentially defined by cultural or economic factors still remains an issue. A rich tradition is devoted to disentangling economic from cultural components of a class. According to Karl Marx, the middle class is an outgrowth of economic factors, primarily capitalism.....

Number Of Words: 1150

Number Of Pages: 5

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