The Economic Arguments in the Communist Manifesto and their Sources• The Manifesto of the Communist Party– Published in London in 1848 by Karl Marx and Friedrich Engels• Marx—son of prosperous German lawyer• Engels—son of a cotton-spinning factory owner– It is one of the most influential and widely-read documents of the past two centuries. – Section 2 of the Communist Manifesto states that the aims of the communists "may be summed up in the single sentence: Abolition of private property"
The Economic Arguments in the Communist Manifesto and their Sources– Bourgeoisie: Upper Class– Proletariat: Working Class– As a result of mechanization, the laborer had become a mere "appendage of the machine."– As the condition of the working class continues to deteriorate, at some point it will become clear that the bourgeoisie is not fit to rule society, and then the "veiled civil war, raging within existing society . . . breaks out into open revolution." The proletariat will overthrow the bourgeoisie, and destroy private property. This process is inevitable: "The development of modern industry . . . cuts from under its feet the very foundation on which the bourgeoisie produces and appropriates products. What the bourgeoisie, therefore, produces, above all, is its own grave- diggers"
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