In fact, the three income class brackets correspond to Marx’s bourgeoisie, landowners, and the proletariat. The argument that property determines people’s class, and not their income, is refutable because, in the modern world, monetary people’s individual possessions are worth their other possessions. For example, a company must have a capital base not less than its physical possessions.
Assuming Marx’s classification enlightens one that politicians and top company owners and managers are the ruling class. They make investment decisions and policies, and they spell out items on the agenda for the state and capital. These stakeholders have significant control of the economy and state. The working class has insignificant control over work and it implements decisions made by the ruling class. Most white collar and all blue-collar workers are in this category. The unemployed and pensioners fall under this class. The ruling class consists of few individuals in the society but the working class makes up the majority of the population (Spiegel 463).
Different classes have different class interests and people who are in similar class conditions tend to portray similar behaviors. They become a community and almost automatically engage in a struggle with the opposite class seeking to protect their interests (Spiegel 463), a characteristic of capitalism (Anderson & Taylor 216). Disparities in the lives of individuals in different classes are visible and include the places people live in, shop, and work from. It is not a wonder that there exists an unrealistic difference between what company chief executives earn and what their subordinates earn yet both may be working in the same organization. Until today, people who live in the suburban areas are the working class. In these areas, conditions are deplorable with high levels of insecurity and poor sanitation.
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