Adam Smith vs. Karl Marx, living in the typical capitalist community in the United States, it is much easier 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 the outside. Adam Smith states his opinion on the mercantile system and its faults, while he dissected, clarified, and revolutionized …
showed first 75 words of 960 total

showed last 75 words of 960 total
…individual's effect in the system. He believed that Capitalism diminished his control over his welfare and caused the standard of living to drop. Adam Smith's belief that Capitalism leads to human happiness might have been over state. However it leads to a more productive society. The invisible hand motivates us to progress based on self love. Marx ideals are still quiet sound, however it lacks the tools necessary to motivate development, and build self esteem.