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That's how Marx was interpreted by Elites, not what he actually wrote. Public ownership of Capital and Capital's facilitators meant now private ownership of the most important assets related to industrial capitalism, which was still capitalism with complete public ownership. Private property still existed but not within the political-economy that was to benefit all. Lots of theory back in the 1800s into the 1900s. Only now in the 2000s do we see some aspects of application where the model is now a mixture of public and private with both closely regulated by a publicly controlled government. Rich still exist but not as a controlling class as over the past many centuries. And we're still at the beginning phase of the conflict which is indeed ideological.

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