response essay 19

According to Adam Smith, the free market system will create maximum wealth for the nation and ultimately will benefit all members of society. According to Karl Marx, as explained at length in the Communist Manifesto, free market capitalism will enrich only the bourgeoisie, who will use their economic power to exploit and impoverish the workers.

1. Whose view of capitalism is more persuasive, Smith’s or Marx’s?
2. To what extent does your answer depend on whether one is looking at conditions during the Industrial Revolution or as it is today? Refer to the documents listed below.

You should avoid lengthy quotations, but your response should include direct references to all of the relevant primary sources. If you do use brief quotations, you must also make sure to explain them in your own words

Responses should be based on the assigned readings only, especially the two primary sources by Smith and Marx.
350 words

 

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