Intended as a parable for communism
A newly empowered member of the underclass rises up and kills the elite of his trade. Eventually, due to the short sightedness and greed of those given too much too quickly, he ends up making a royal mess of it and a blood bath ensues, creating chaos and instability for everyone.
Given the time that this took place, and the temperature of the defining ideological conflict of the time, it doesn’t seem too much of a reach to interpret. Accurate, or too easy?