Marx contends that "what the bourgeoisie. Its fall and the victory of the proletariat are equally inevitable." In this essay, I intend to show that through the establishment of the global economy which led to advancements in technology, political centralization and the exploitation of the proletariat, the bourgeoisie did indeed produce the weapons of their own demise.
To begin with, after the discovery and colonization of America, and the establishment of trade with the colonies and also the East Indian and Chinese markets, there was a rapid surge in industry, a surge which was too large for feudal industry to cope with. This system was then quickly replaced with that of the manufacturing middle class, but due to the ever-expanding markets and growing demand, this manufacturing middle class were also unable to deal with the exponential levels of growth, and therefore Modern Industry in turn took their place. This was largely thanks to the advancements made in technology, where the use of steam and machinery transformed industrial production. Modern industry, in turn, led to the establishment of the modern bourgeoisie. "The place of manufacture was taken by the giant, Modern Industry, the place of the middle class, by industrial millionaires, the leaders of whole industrial armies, the modern bourgeois" (McIntosh 1997:40). Modern Industry also led to the rise of the world market and the global economy. This market, due to growing demands, gave way to massive advancements in commerce and technology, in particular, communication by land and railways. With the establishment of the global economy, and the rise of the Bourgeoisie, every other class were forced into the background. ".The bourgeoisie developed, increased its capital, and pushed into the background every class handed down from the Middle Ages" (Mc Intosh 1997:40). Due to the establishment of the world market and modern industry, and the rise of the Bourgeoisie, they became the ruling class.