mmunism is not the abolition of
property generally, but the abolition of bourgeois property. But
modern bourgeois private property is the final and most complete
expression of the system of producing and appropriating products,
that is based on class antagonisms, on the exploitation of the
many by the few.

In this sense, the theory of the Communists may be summed up in
the single sentence: Abolition of private property.

We Communists have been reproached with the desire of abolishing
the right of personally acquiring property as the fruit of a
man's own labour, which property is alleged to be the groundwork
of all personal freedom, activity and independence.

Hard-won, self-acquired, self-earned property! Do you mean the
property of the petty artisan and of the small peasant, a form of
property that preceded the bourgeois form? There is no need to
abolish that; the development of industry has to a great extent
already destroyed it, and is still destroying it daily.

Or do you mean modern bourgeois private property?

But does wage-labour create any property for the labourer? Not
a bit. It creates capital, i.e., that kind of property which
exploits wage-labour, and which cannot increase except upon
condition of begetting a new supply of wage-labour for fresh
exploitation. Property, in its present form, is based on the
antagonism of capital and wage-labour. Let us examine both sides
of this antagonism.

To be a capitalist, is to have not only a purely personal, but a
social status in production. Capital is a collective product,
and only by the united action of many members, nay, in the last
resort, only by the united action of all members of society,
can it be set in motion.

Capital is, therefore, not a personal, it is a social power.

When, therefore, capital is converted into common property, into
the property of all members of society, personal property is not
thereby transformed into social property. It is only the social
character of the property that is changed. It loses its
class-character.

Let us now take wage-labour.

The average price of wage-labour is the minimum wage, i.e.,
that quantum of the means of subsistence, which is absolutely
requisite in bare existence as a labourer. What, therefore, the
wage-labourer appropriates by means of his labour, merely
suffices to prolong and reproduce a bare existence. We by no
means intend to abolish this personal appropriation of the
products o