The economic development of bourgeois society invariably leads to the ruin of small business, which is based on the private ownership by the worker of his means of production. It separates the worker from his means of production and turns him into a propertyless proletarian, while the means of production become the monopoly of a relatively small number of capitalists and large landowners.
Hand in hand with this monopolization of the means of production goes the displacement of these fractured small businesses by colossal large enterprises, the development of the tool into a machine, the gigantic growth in the productivity of human labor. But all the benefits of this transformation are monopolized by the capitalists and large landowners. For the proletariat and the sinking middle classes – petty bourgeoisie and farmers – it means an increase in the insecurity of their existence, of misery, of pressure, of oppression, of degradation, of exploitation.
Ever greater becomes the number of proletarians, ever more massive the army of excess workers, ever more stark the opposition between exploiters and the exploited, ever more bitter the class struggle between the bourgeoisie and the proletariat, which divides modern society into two hostile camps and constitutes the common characteristic of all industrialized countries.
The gulf between the propertied and the propertyless is further widened by crises that are grounded in the nature of the capitalist mode of production, crises that are becoming more extensive and more devastating, that elevate this general uncertainty into the normal state of society and furnish proof that the powers of productivity have grown beyond society’s control, that the private ownership of the means of production has become incompatible with their appropriate application and full development.
The private ownership of the means of production, once the means for securing for the producer the ownership of his product, has today become the means for expropriating farmers, artisans, and small merchants, and for putting the non-workers – capitalists, large landowners – into possession of the product of the workers. Only the transformation of the capitalist private ownership of the means of production – land and soil, pits and mines, raw materials, tools, machines, means of transportation – into social property and the transformation of the production of goods into socialist production carried on by and for society can cause the large enterprise and the constantly growing productivity of social labor to change for the hitherto exploited classes from a source of misery and oppression into a source of the greatest welfare and universal, harmonious perfection.