Today, in the highly-developed capitalistic nation of the United States, the only people who could be classed as proletariat under Marx's definition … - W. Cleon Skousen

" "

Today, in the highly-developed capitalistic nation of the United States, the only people who could be classed as proletariat under Marx's definition would be those who own no land, have no savings deposits, no social security, no retirement benefits, no life insurance, no corporate securities and no government bonds, for all these represent the ownership of productive wealth or of money, funds over and beyond the immediate needs of consumption. Such a class of propertyless proletariat does exist in the United States just as there has been one in all nations and in all ages, but the significant thing is that the proletariat in the United States is such a small minority that Marx would scarcely want to claim it. Under American capitalism wealth has been more widely distributed among the people than in any large nation in secular history. This has reduced the property-less class which Marx had in mind to little more than a fringe of the population.