History of socialism French revolution, as well as from the German philosophy of GWF Hegel, and English political economy, particularly that of Adam Smith and David Ricardo. Marx and Engels developed a body of ideas which they called scientific socialism, more commonly called Marxism. Marxism comprised a theory of history (historical materialism) as well as a political, economic and philosophical theory. In the "Manifesto of the Communist Party", written in 1848 just days before the outbreak of the revolutions of 1848, Marx and Engels wrote, "The distinguishing feature of Communism is not the abolition of property generally, but the abolition of bourgeois property".
Communist Organisation in the British Isles Communist Organisation in the British Isles The Communist Organisation in the British Isles (COBI) was a Marxist-Leninist political party in Britain and Ireland. It was founded in 1974 by members of the British and Irish Communist Organisation (BICO) who disagreed with BICO's stance on workers' control, which the COBI described as reducing "the working class to a plastic object of bourgeois history" and "fundamentally anti-Marxist". The COBI, however, retained several of BICO's policies, including supporting the partition of Ireland, backing the UK joining the European Economic Community, and opposition to Trotskyism. The new group had already begun studying the work