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The Influence of the Communist Manifesto on the Development of Industrial Capitalism

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The Communist Manifesto left a tremendous impact on a society that was rapidly becoming industrialized, and its effects can even be seen on the dominating economic system of the twenty-first century. In the later nineteenth century, however, industrial capitalism was on the brink of ruin. “On many occasions during the past century, Marxists have thought that capitalism was down for the count . . . Yet it has always come back with renewed strength.” Industrial capitalism succeeded in the face of communism, despite numerous economic disasters. As the capitalist economists hopefully noted at the time, these economic earthquakes, temporary in character, soon cured themselves and left capitalism unscathed. Karl Marx sought to create …show more content…

Despite the continuation of capitalism, the middle class successfully emerged as the dominating class in our society. As Lewis Corey states, “Workers were becoming capitalists, the capitalists becoming workers.” Industrial capitalism spawned a middle class, molded the exact same way that Marx predicted in his major work. In establishing the goals of the Communist party, Marx stated, “In the national struggles of the proletarians of the different countries, they point out and bring to the front the common interests of entire proletariat, independently of nationality.” Once again, the Communist Manifesto espouses capitalistic ideas. By the end of the twentieth century, industrial capitalism reached a monumental point in its history; the economic system was almost completely global. Securities traded in markets around the world could be purchased by almost anyone, regardless of nationality or location. As John Gurley states, “At the present time, the advanced capitalistic countries are noted for their extraordinarily large

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