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What are the main features of Marx's analysis of the dynamics of capitalism?
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Classical Sociological Theory What are the main features of Marx's analysis of the dynamics of capitalism? Burghers came from the serfs of the Middle Ages, from these, the first elements of the bourgeoisie were developed. The discovery of America, the rounding of the Cape released fresh ground for the rising bourgeoisie. Moreover, the East Indian and Chinese markets along with the colonisation of America and trading with the colonies resulted in an increased in the means of exchange. The feudal system of industry now no longer sufficed for the growing needs of the new markets. Marx differentiates between two periods of capitalist development. Firstly, manufacture, which involves the demise of craft skills and extends the division of labour. Secondly mechanisation, the development of both machinery and industry. The bourgeoisie has played the most fundamental part in introducing capitalism. As soon as the bourgeoisie gained a little power, they ended all feudal relations....
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