Posted June 2, 2009
During the 1840s, two young German scholars, Karl Marx and Frederick Engels, applied George Hegel’s dialectical philosophy of history to economics and politics. They envisioned modern history in three distinct phases:
Phase 1 XIII release Small Town Folk hd
Economy: agricultural feudalism and urban mercantilism
Governance: monarchy or dictatorship, with limited experiments in democracy
Phase II
Economy: industrial capitalism
Governance: monarchy or dictatorship, with limited experiments in democracy
Phase III
Economy: industrial socialism/communism
Governance: proletarian dictatorship
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