The Communist Manifesto: A Modern Edition

In the two decades following the fall of the Berlin Wall, global capitalism became entrenched in its modern, neoliberal form. Its triumph was so complete that the word "capitalism" itself fell out of use in the absence of credible political alternatives. But with the outbreak of financial crisis and global recession in the twenty-first century, capitalism is once again up for discussion. The status quo can no longer be taken for granted.

As Eric Hobsbawm argues in his acute and elegant introduction to this modern edition, in such times The Communist Manifesto emerges as a work of great prescience and power despite being written over a century and a half ago. He highlights Marx and Engels's enduring insights into the capitalist system: its devastating impact on all aspects of human existence; its susceptibility to enormous convulsions and crises; and its fundamental weakness.

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The Communists, therefore, are on the one hand, practically, the most advanced and resolute section of the working-class parties of every country, that section which pushes forward all others; on the other hand, theoretically, they have over the great mass of the proletariat the advantage of clearly understanding the line of march, the conditions, and the ultimate general results of the proletarian movement.

Friedrich Engels was born in 1820, in the German city of Barmen. He died in London in 1895 while editing the fourth volume of Capital.Karl Marx studied law and philosophy at the universities of Bonn and Berlin, completing his doctorate in 1841. Expelled from Prussia in 1844, he took up residence first in Paris and then in London where, in 1867, he published his magnum opus Capital. A co-founder of the International Workingmen's Association in 1864, Marx died in London in 1883.A Fellow of the British Academy and the American Academy of Arts and Sciences, Eric Hobsbawm is the author of more than twenty books of history, including The Age of Revolution and The Age of Extremes. He lives in London.