Proletarian Capitalism

Proletarian Capitalism

As Art Carden recently pointed out, it’s not at all difficult for members of the American proletariat these days to enter the ranks of capitalists. All they need to do is to buy corporate shares. Easy-peasy. In fact — and contrary to the supposition of French economist Thomas Piketty et compagnie — a sizable majority of ordinary Americans are already capitalists. Gallup reports that 61 percent of Americans identify as owning corporate stock.

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