.. Communism, it's a reactive formation derived from capitalism. For this reason it's less flexible and has a lower survival potential. The days of laissez-faire capitalism are completely dead, and the assumptions of nineteenth-century Communism are equally dead, because they were based on laissez-faire capitalism. While there's hardly a trace of it left in capitalist countries, Communism is still reacting to something that's been dead for over a hundred years. And present-day Communism clings to this outmoded concepts, refusing to acknowledge the contradictions and failures of the Marxist system. Communism doesn't have any capacity to change. Capitalism is flexible, and it's changing all the time, and it's changed immeasurably. Communism apparently are still asserting that they are not changing, they're following the same Marxist principles. We don't have any principles. It's an advantage.
Marx wrote about finance and industry all his life but he only knew two people connected with financial and industrial processes. One was his uncle in Holland, Lion Philips, a successful businessman who created what eventually became the vast Philips Electric Company. Uncle Philips' views on the whole capitalist process would have been well-informed and interesting, had Marx troubled to explore them. But he only once consulted him, on a technical matter of high finance, and though he visited Philips four times, these concerned purely personal mattes of family money. The other knowledgeable man was Engels himself. But Marx declined Engel's invitation to accompany him on a visit to a cotton mill, and so far as we know Marx never set foot in a mill, factory, mine or other industrial workplace in the whole of his life.