Adam Smith vs. Karl Marx Being reared in the typical capitalist community in the United States, it is much easier for me to relate to the thoughts of Adam Smith. This is not to say that I do not agree with some of the precepts of pure Communism, but like the old adage says, Communism looks good on paper, but in practice, it is completely ineffective. Historically, this form of government does not tend to …
showed first 75 words of 968 total

showed last 75 words of 968 total
…downfall between the bourgeoisie and the laborers. Smith says that the economy will flourish because people will have the opportunity to make their own money. With people wanting to make money and better themselves they will better the society at the same time. From my upbringing and my education, I believe that Adam Smith is correct is his beliefs and ideas. I believe that Marx is wrong in the points that I have described above