“Where some possess much, and the others nothing, there may arise an extreme- either out of the most rampant democracy, or out of an oligarchy.” This was once said by Aristotle who was probably the first to recognize the importance of a middle class. A powerful debate whether the middle class is essentially defined by cultural or economic factors still remains an issue. A rich tradition is devoted to disentangling economic from cultural components of a class. According to Karl Marx, the middle class is an outgrowth of economic factors, primarily capitalism. Many people tend to disagree with Marx that capitalism is the only important factor in the outgrowth of the midd