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
Revolutions of 1848 in the Austrian Empire of Hungary's economic, social, and political life: These demands were not easy for the imperial court to accept, however, its weak position provided little choice. One of the first tasks of the Diet was abolishing serfdom, which was announced on March 18, 1848. The Hungarian government set limits on the political activity of both the Croatian and Romanian national movements. Croats and Romanians had their own desires for self-rule and saw no benefit in replacing one central government for another. Armed clashes between the Hungarians and the Croats, Romanians, Serbs, along one border and Slovaks on the other ensued. In