Adam Smith v. Karl Marx Essay - 2236 Words

Adam Smith v. 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 succeed because of many factors. Some of these include basic economic differences, individualism, and technology and how it advances or serves as a detriment to the state. My stance is clear: I believe that Adam Smith has the more credible stance. Beginning with the economic side of the discussion Smith takes a Western approach in†¦show more content†¦In the Constitution under which we live as Capitalist says that each citizen has the right to personal property, Communism goes against everything that the American society is based on, which in my opinion is wrong and unjust. †¦Differences of age and sex have no longer any distinctive social validity for the working class. All are instruments of labor, more or less expensive to use, according to their age and sex (Marx 31). From this quote he takes away the freedom of expression that we live under in the United States. Marx makes everyone out to be the same with no one having special abilities or personalities. In my opinion Marx and Communism are wrong by saying that everyone is the same and no one is any different than the next. Being a Christian I believe that everyone is different and special, the lack of diversity in the population makes it difficult for progress to advance and to stay ahead of the competition. In Adams idea of society each person can do whatever they want to advance themselves and each person can pursue happiness in whatever fashion they believe to be the best. Technology creates new and better ways to do things which allow society to grow and become more advanced. In the Communist Manifesto Marx says , that when the bourgeoisie upgrade their technology they in turn create less jobs.Show MoreRelatedEssay on Capitalism: Karl Marx vs Adam Smith1048 Words   |  5 PagesMarx v. Smith on Capitalism Capitalism, according to the Encyclopaedia Britannica, is â€Å"the means in which production are privately owned and production is guided and income is disputed largely through the operation of markets†. Capitalism saw the emergence after the feudal system of Western Europe can do a halt. 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