0
Whose view of capitalism is more persuasiveAdam smith's or Karl Marx's?
Wiki User
∙ 15y ago
Adam Smith's Wealth of Nations is perhaps the most boring book ever written. If it were up to Adam Smith to persuade people to adopt capitalism, there wouldn't have ever been anything near a free market place. Of course, there never really has been a free market place in the terms of unfettered capitalism put forth by Smith, but that's the paradoxical nature of Marx and his lofty ideals of communism that have ensured a free and unregulated marketplace would never see the light of day. The paradox of Karl Marx is that he sells the virtue of capitalism much better than Adam Smith ever did. Adam Smith uses mystical imagery of unseen hands causing the greater good in his language to sell capitalism but Marx reduces capitalism down to it's simplest form and in doing so reveals the beauty of capitalism and the Horror of communism. Ironic isn't it? It is Karl Marx who instructs in Das Kapital that in order to turn a capitalist society into a communist society first what must happen is that the capitalist currency must be undermined because you can't beat a one on one situation. In other words, Marx is telling us that the freedom to choose who we buy the product or service from and the freedom to refuse product or services to anyone is the ideal situation and the only way to convince people to give up the ideal situation is to break it so that it is no longer ideal. Workers of the world get a clue! The market place will respond to the laws of supply and demand regardless of what economic system has been imposed and the only way Marx's ideas have manged to survive is by the crafty way the capitalist has incorporated some of his ideas into their business practices.
Wiki User
∙ 15y ago
This is subjective and depends on individual beliefs and values. Adam Smith's view emphasizes individual self-interest and free markets driving economic success, while Karl Marx's view criticizes capitalism for creating inequality and exploitation. Both perspectives have influenced economic thought and policy-making.
Add your answer:
Earn +20 pts
How do you become a union locksmith?
Qualify to be a locksmith, then seek a job at an employer whose smiths are unionized.
What are 19th century capitalism identify explain several weaknesses inherent in this economic systemShow how marxian communism proposed to address tehe evils of capitalism?
Whose view of capitalism is more persuasive: Adam Smith's or Karl Marx
What would A country whose economic system is capitalism be called?
America, or a free-market country.
Whose teachings encouraged the development of businesses through the use of money loaned at interest this in turn helped foster the development of capitalism in Europe?
thomas aquinas
Who started capitalism?
== == Capitalism has, and has had, many supporters and had no founder because it developed gradually and naturally as the feudal arrangements of the Middle Ages gave way. You may be thinking though of Adam Smith whose book, "The Wealth of Nations", published in 1776, gave the first and most important analysis of the principles on which it is based. Economists still study it to this day.
How many integers between 300 and 500 have the sum of their digits equal to A?
There are 3 whose sum is 45 whose sum is 57 whose sum is 69 whose sum is 711 whose sum is 813 whose sum is 915 whose sum is 1017 whose sum is 1119 whose sum is 1219 whose sum is 1317 whose sum is 1415 whose sum is 1513 whose sum is 1611 whose sum is 179 whose sum is 187 whose sum is 195 whose sum is 203 whose sum is 211 whose sum is 22.
How do you use whose in a sentence?
example: "Whose is this?"
What has the author Daniel Singer written?
Daniel Singer has written: 'Prelude to revolution' -- subject(s): Riots, Paris, History 'Is socialism doomed?' -- subject(s): Politics and government, Socialism, Economic conditions, Economic policy, Influence, History 'Whose millennium?' -- subject(s): Communism, Socialism, Capitalism, Politieke ontwikkeling
How do you start a speech with the name of Allah?
In the name of Almighty Allah whose Bounties are Unbounded, Whose Mercy is Unlimited, Whose Blessings are Uncountable, Whose Provisions are Un-ending, Whose Benevolence is Everlasting, Whose Being is Eternal, Whose Love is our Life, Whose Worship is our Iman.
Do you put apostrophe is whose's?
No because "whose's" is not a word recognized in the English language. It is either used as "whose" or "whose is".
How do you use who vs whose in a sentence?
Whose is possessive, who is not. ex. Who did that? Whose rollerskates are these?
What are the capitalist countries in the world?
Capitalism is the dominant most used form of economic system there is in the world today. Currently, over 80% of countries use capitalism, a free market, laizez-faire economy. These countries use more of capital in the means of production, they have what is called as master class and workers class economy run by the fundamentals that commodity market. every things for themselves no need of public sector enterprises Capitalism is an economic system controlled chiefly by individuals and private companies instead of by the government. In this system, individuals and companies own and direct most of the resources used to produce goods and services. Such resources include land and other natural resources, labor, and capital. Capital includes factories, equipment, and money used in business activities. The term capitalism comes from "capital." Capitalism stresses private economic choices. People are free to decide how they will earn and spend their income. Companies may choose which goods and services to produce and how much to charge for them. They also compete with one another to sell products. Nations whose economy is based on capitalism includes the United States, Canada, Germany, and Japan.
