The Negative:
- Industry has led to the destruction of family life, and that has to stop:
- This was talked about, and what they say is true. Urban manufacturing halted the development of families and had parents sending their kids off to factories, and that had to stop, as it did in many developed countries later, but it is a problem that still happens in other less developed societies today.
- Those with power have developed power abroad
- International power and shipping/trade has lead to the ability to accrue personal international power for those who own labor (or land).
- The few who have money control the many that need to work
- Working in the factories makes money for the wealthy landowners, and helps workers improve their conditions very little
- Machinery has destroyed distinctions in labor
- Mundane tasks mean society is no longer specialized, and so there is no reason/ opportunity for advancement the way there used to be with artisans and merchants working to improve their conditions
The Positive:
- The need for workers to have rights
- This is a point that is still pushed somewhat today, especially when the media gets a good juicy clip of a sweatshop or unfair labor conditions in other countries ("enjoy that sweatshirt, a starving child made" it type media that really pushes the facts or just doesn't back them up).
- Private property is a form of capital
- This is a statement I have to find myself agreeing with. Property is a form of wealth, and therefore a form of capital, and I agree with what Marx is saying to a point, I think too many of the wealth controlled the poor, but I think that we need property. In Africa, it was the lack of property that led to slaves as a form of social wealth and a display of social prominence.
- The need for a progressive income tax
- A fact most today would disagree with, and a point that to me doesn't fit with communism (maybe I'm misunderstanding...) but one that is important none the less. Without taxes, infrastructure and development cannot be supported on a wide scale, government does that and when the government cannot support or defend itself, it falls. This leads to a power vacuum in some cases and social unrest in all, so why would you want to do that? We need taxes that can support what we want from out government (public education, water, roads, medicare, etc.).
- The need for a central bank that holds a monopoly
- When a central bank can hold a monopoly over the flow of money, it doesn't mean that other banks can't arise, it means that a central bank controls all of the the value of the money, and we have that to an extent today with the Federal Reserve System (those FDIC plaques are wonderful reminders), a bank that controls the flow of money and to a degree tracks where it flows. The only difference is that without a monopoly banks are able to invest money. Although this is generally good for the person who is collecting interest on the account, a monopolized bank would at least keep money secure, a critical need in any society.