Center for Economic and Social Justice powers and profits of land and productive assets became concentrated within a tiny elite of private owners. To remedy the abuses of concentrated capital ownership, Marx and Engels in "The Communist Manifesto" (1848) declared, “[T]he theory of the Communists may be summed up in the single sentence: the abolition of private property.” In contrast, Kelso turned the socialist's central assumption around by asserting that private property, far from being the problem, is essential for creating a truly just free market global economy. An economically just economy is one in which every citizen can be a capital owner without taking property
The Communist Manifesto in theory; Marxist works such as the "Manifesto" or "Das Kapital" were read primarily by party theoreticians. On the other hand, small, dedicated militant parties and Marxist sects in the West took pride in knowing the theory; Hobsbawm says "This was the milieu in which 'the clearness of a comrade could be gauged invariably from the number of earmarks on his Manifesto. Following the October Revolution of 1917 that swept the Vladimir Lenin-led Bolsheviks to power in Russia, the world's first socialist state was founded explicitly along Marxist lines. The Soviet Union, which Bolshevik Russia would become a part of,