Why did Marx and Engels believe that history was on their side?

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Why did Marx and Engels believe that history was on their side?

To answer this question as to why Marx and Engels believed that history was on their side, a number of components need to be discussed. A deterministic theory of historical materialism for example human history driven by technological and economic development, passing inevitably through various stages to capitalism, socialism, then communism. All of these aspects are characterised at every stage except the first and last ones by class struggle which is implied in the Communist Manifesto, must be analysed in order to give a critical analysis of Marx and Engels political ideologies.

Marxism or communism is the theory of 'scientific socialism', developed by Karl Marx and Freiedrich Engels. This socio-economic and ultimately political theory was based on the philosophy of Hegel, French revolutionary ideas and study of the British Industrial Revolution. Marxism is the theory of class struggle. Marx and Engels, in "The Communist Manifesto", explain how the capitalist bourgeoisie had simplified the feudal class system by causing society to split up into "two great hostile camps." A quotation from "The Communist Manifesto" will show what Marx saw as the barrier to freedom in the Modern State:

"In one word, for exploitation, veiled by religious and political illusions, it [capitalism] has substituted naked, shameless, direct, brutal exploitation." (Marx and Engels, Pg. 82)

Marx considered the essential genius of capitalism was that it had the ability to combine the accumulation of capital with an incessant stream of technological innovations. Technological advances were central in Karl Marx's analysis. In Marx technological advance is an essential element of the competition among firms. Under the force of competition, firms are inexorably driven to adopt new technologies that substitute capital for labour. The result for Marx was as much rising unemployment as it was raising productivity. One can see here the origins of the modern dispute about the effects of automation. By and large, technological advance seems not to have caused widespread unemployment. But the issue is repressed in most modern growth theory, which simply assumes full employment. For a variety of reasons, towards the end of the nineteenth century, the interest of economists in economic growth diminished. 1

While there are important exceptions, it is fair to say that strong interest in technical change and economic growth only returned to economics after World War II. In the basic Marxism schema, capitalists invested in a constant quest for profit. But investment booms led to wage increases and product market gluts, precipitating crisis in which the capitalists profit plummeted. To restore and augment their profits, the capitalists developed and introduced on a massive scale new labour saving technologies and cultivated new product and territorial markets. The labour-saving investments led a 'reserve army of the unemployed' whose competition with workers still holding jobs kept wages down. But the cycles of rising investment followed by crisis followed by further investment were seen by Marx as growing ever more violent, leading ultimately to revolution by the poverty stricken workers and a dictatorship of the proletariat. Marx erred in his expectation that cynical but rising unemployment would prevent workers from sharing through higher real incomes the increased productive potential flowing from technological innovation and the accumulation of capital.
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Schumpeter was strongly influenced by Marx, at least in his insistence that technological innovation and industrial competition are closely intertwined. Schumpeter has had the greatest influence on contemporary analysis is his 1943 volume, Capitalism, Socialism, and Democracy, where he presented his arguments.

The first is that technological change and economic growth involve disequilibrium in a fundamental way. Technological advance, and competition in industries where technological advance is important, proceeds through a process of "creative destruction." Schumpeter's second important contribution was to call attention to the relationship between industrial structure and technological advance. In particular, he called ...

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