Absolutely. It's short.
Do note that most of how communism worked, on paper and in practice, originated later, though. Marx, a German who mostly lived in England, wrote the Manifesto in 1848 and died in 1883, while the revolution was in Russia in 1917. And there's stuff in the manifesto that obviously didn't age well, like the bit about the invention of trains leading to the end of nationalism.
Still, it's great historical perspective, and obviously inspired how the Soviet Union looked at things pretty heavily.