Centralization, Overproduction, and Crises

From The Communist Manifesto by Karl Marx and Friedrich Engels
Capitalism necessarily centralizes property in fewer hands and produces recurring commercial crises of overproduction -- 'an epidemic that, in all earlier epochs, would have seemed an absurdity.'
Chapter I

Describes commercial crises as periodic 'epidemic of over-production' in which society suddenly finds itself put back into a state of momentary barbarism, revealing the productive forces have grown too powerful for bourgeois conditions.

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Chapter I

Capital is concentrated in fewer hands; the small tradespeople, shopkeepers, peasants sink into the proletariat -- the polarization thesis.

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