SOCIALIST AND COMMUNIST LITERATURE Petty-Bourgeois Socialism The feudal aristocracy was not the only class that was ruined by the bourgeoisie, not the only class whose conditions of existence pined and perished in the atmosphere of modern bourgeois society. The medieval burgesses and the small peasant proprietors were the precursors of the modern bourgeoisie. In those countries which are but little developed, industrially and commercially, these two classes still vegetate side by side with the rising bourgeoisie. In countries where modern civilization has become fully developed, a new class of petty bourgeois has been formed, fluctuating between proletariat and bourgeoisie, and ever renewing itself a supplementary part of bourgeois society. The individual members of this class, however, as being constantly hurled down into the proletariat by the action of competition, and, as Modern Industry develops, they even see the moment approaching when they will completely disappear
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