Communism vs. Capitalism Essay

According to Marx, a combination of unique factors led to the rise of the era of capitalism around 18th to 19th century. Capitalism was fuelled by a set of events that occurred during the time (Giddens, 1971). Marx observes that a set of activities led to the collapse of the feudalism regime. In particular, the development of machines and technological advancement enabled new ways of trade and development, leading to changes in the government systems. The people’s perception to business was changed by the industrial revolution, therefore, leading to the rise of capitalism (Giddens, 1971).

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