Inequality has been with us for a long time. Industrial capitalism didn’t reverse it in the nineteenth century, and finance capitalism is not reversing it in the twenty-first. The only thing that can reverse it is political action aimed at changing systems that seem to many people to be simply the way things have to […]
On or about February 24, 1848, a twenty-three-page pamphlet was published in London. Modern industry, it proclaimed, had revolutionized the world. It surpassed, in its accomplishments, all the great civilizations of the past—the Egyptian pyramids, the Roman aqueducts, the Gothic cathedrals. Its innovations—the railroad, the steamship, the telegraph—had unleashed fantastic productive forces. In the name of free trade, it had knocked down national boundaries, lowered prices, made the planet interdependent and cosmopolitan. Goods and ideas now circulated everywhere.
Just as important, it swept away all the old hierarchies and mystifications. People no longer believed that ancestry or religion determined their status in life. Everyone was the same as everyone else. For the first time in history, men and women could see, without illusions, where they stood in their relations with others.
The new modes of production, communication, and distribution had also created enormous wealth. But there was a problem. The wealth was not equally distributed. Ten per cent of the population possessed virtually all of the property; the other ninety per cent owned nothing. As cities and towns industrialized, as wealth became more concentrated, and as the rich got richer, the middle class began sinking to the level of the working class.
Soon, in fact, there would be just two types of people in the world: the people who owned property and the people who sold their labor to them. As ideologies disappeared which had once made inequality appear natural and ordained, it was inevitable that workers everywhere would see the system for what it was, and would rise up and overthrow it. The writer who made this prediction was, of course, Karl Marx, and the pamphlet was “The Communist Manifesto.” He is not wrong yet.