Bourgeoisie: Difference between revisions

The '''bourgeoisie''' is the ruling class in [[Capitalism|capitalist]] society which owns the [[means of production]] and has decisive influence over economic production. It extracts surplus value from the labor power of the [[working class]].  

In the early development of capitalism, freed and escaped serfs settled in towns. They joined the guilds and eventually started their own small businesses which led to the creation of the proletariat, especially with the abolition of slave and feudal (serf) labor. However, due to the laws of capitalist development, over time the bourgeoisie became more and more consolidated and capital more and more accumulated.