t developed as a result of bourgeois capitalism, but their economic condition deteriorates as the bourgeois economic condition improves. This reciprocal relationship will eventually cause the proletariat to rise up and destroy the bourgeoisie. Dialectic: A process by which one element, the thesis, is contradicted by an opposing element, the antithesis. This contradiction is resolved by a synthesis of the thesis and antithesis. The synthesis then becomes the new thesis and the sequence repeats. This is the process by which Marx believes history proceeds, a dialectic of class antagonism. The proletariat victory will be an end to the dialectic and thus an end to history. Capital: Money, or the bourgeois form of private property used to produce wealth. Exchange of capital replaces the exchange of commodities in feudal economies. Labor is valued in terms of capital, and workers receive monetary wages in compensation for their work. Capitalism: An economic system based on the exchange of capital. Socialism: A social system that favors collective ownership of the means of economic production and distribution. Communism: A form of socialism proposed by Karl Marx, which intends to effect socialist reforms by advocating a revolution of the proletariat. Quotes in contextual order:o"A specter is haunting Europe: the specter of Communism" (78) o"The history of all hitherto existing society is the history of class struggles" (79) o"Society as a whole is more and more splitting into two great hostile camps, into two great classes directly facing each other: Bourgeoisie and Proletariat" (80). o"The executive of the modern state is but a committee for the managing of the common affairs of the whole bourgeoisie" (82). o"[The bourgeoisie] is unfit to rule because it is incompetent to assure an existence to its slave within his slavery, because it cannot help letting him sink into such a state, that it has to feed him, instead of being fed by him. Society ...
