Social Classes of a Capitalist Society
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The United States, along with every Capitalist society, is comprised of social classes, or large groups of people who rank close to one another in wealth, power, and prestige. Although each class varies greatly in status, they all have equal responsibility in making up the Capitalist society as a whole.
The most prestigious of all social classes is the Upper, or Capitalist class, which consists of only one percent of the entire population. Investors, heirs, and executives of major corporations are the people that make up this social class. They own the newspapers, magazines, radio and television stations, and control the colleges and universities that employ the rest of the nation's population.
Of all the classes, the Upper Middle class is the one defined the most by education. These people will possess a college degree, often with postgraduate work in business, management, law or medicine, and are the professionals and upper managers of the society. They manage the corporations owned by the Upper class, or they may own and operate they own small business. About fifteen percent of the population belongs to the Upper Middle class.
The Lower Middle class represents the largest portion of the population, about thirty-four percent...