Karl Marx's "Manifesto"

Paper Summary:

This paper explains the key concepts of Marx's doctrine put forth in his "Manifesto of the Communist Party". The paper looks at his theories on labor, social classes, historical events, and class conflict.

From the Paper:

"Many of Marx's ideas can be seen in the U.S. today. A key concept in Marx's critique of capitalism is that labor has been reduced to the status of a commodity, meaning that its value is equivalent to its cost of reproduction. Marx's ideas on labor value are very much alive for many organizations working for social change. In addition, it is apparent that the gap between the rich and poor is widening on a consistent basis. In the United States today, according to a Federal Reserve Board report, one percent of the population has more wealth than the bottom 90 percent, and it is far, far more unequal than it was in Marx's day. In this light, many of the theory's predictions ring true."

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