Professional Documents
Culture Documents
Communist Manifesto
Communist Manifesto
Manifesto
• this is a manifesto,
• not an academic study
https://monthlyreview.org/1998/05/01/the-
communist-manifesto-after-150-years/
• Productive forces
Superstructure
• Law
• Religion
• Morality
• Ideology
• Constant growth
• “need of a constantly expanding market for its
products” and for raw materials
• “The cheap prices of its commodities are the
heavy artillery with which it batters down all
Chinese walls” (p.477)
Characterization of the Bourgeois Epoch
-urbanization
-country dependent on town,
-nations of peasants dependent on nations of
bourgeois
-the East on the West
-concentration of property political
centralization
End of Capitalism?
• “Modern bourgeois society […] is like the
sorcerer, who is no longer able to control the
powers of the nether world whom he has
called up by his spells.” (p.378)
• Two reasons
caveat
“In reading the Manifesto it is important to
recognize that Marx’s economic analysis in
particular was still in its formative stages. Some
important ideas expressed there were
subsequently rejected by him, and others
substantially altered in their content. Two
important and linked examples concern
determinants of wages and of economic crises.”
(Anwar Shaikh)
1. Material conditions
• Epidemic of overproduction
+
Increased Communication/union of workers
Absolute vs Relative
immiseration
Abolute Immiseration Relative immiseration
• “in his early works (1844– • the forces of capitalist
1850) Marx writes as if competition prevent real
capitalism always drives wages from rising as fast as
wages down to a worker’s productivity
subsistence level
Union of workers?
• National differences?
Percentage of shares received from world
wealth
in 1965 in 1990
• Poorest 20% gets 2.3 > 1.4
• Second 20% gets 2.9 > 1.8
• Third 20% gets 4.2 > 2.1
• Fourth 20% gets 21.2 > 11.3
• Richest 20% gets 69.5 < 83.4