Karl Marx And Adam Smith: Most Influential People In The Modern Age

Both Karl Marx and Adam Smith are considerably two of the most influential people in the modern age. While the theory of Marxism might be superior on paper, in reality it is impossible; unlike Smith’s theory of capitalism is more suited for the real world. Although, both had wanted to create the perfect society where everyone is happy. Adam Smith, who was born in Scotland in 1723, had the idea of achieving a perfect society through a capitalistic approach. Karl Marx, who was born in 1818 and the creator of Marxism, criticized capitalism and believed in individual freedom. They differed in their views on human nature, human work and the best state. Smith believed that many people acted out on their own self-interests, and when allowed to do what interested them it produced a market, which manufactures perfect liberty. In Smith’s theory of human nature, Smith suggests that human nature will turn the generosity of the rich to the poor out of sympathy for their condition. Marx did not agree with Smith’s view of human nature. Marx said that, because it was always in the economic interest of capita to take advantage of workers, nothing could persuade capitalists to change their ways. He thought peaceful progress towards equality and social …show more content…
Marx, known the be the founder of communism, suggested revolution against the state in order to create a more evenhanded society; while Smith preferred stability and peace instead. Smith’s ideal society didn’t get rid of the different wealth levels between different society classes. Marx’s ideal society would produce and distribute according to the need of the public; he wanted to get rid of economic class distinction. It is evident that both men are two of the most influential men throughout history with very different theories they believe are best for benefiting