Adam Smith and Karl Marx

1053 Words Feb 18th, 2018 4 Pages
Both had thoughts derived from different views. Smith had a very capitalistic view on things, while Marx was socialist in many ways. They expressed their thoughts in ways that were surprisingly similar while other ideas were dissimilar. Ultimately socialism and capitalism can go hand in hand. One main idea that both works addressed was the productivity of work and the ability to accumulate property, stock and capital. They both wanted a wealthy nation but Marx believed that redistribution of wealth was the way to go. Smith believed in a free economic system that gave capitalists rights to accumulate their wealth.
Adam Smith explains that wealth was with the landlords and capitalists. This led to a lot of trade between major cities. Once the working class was given power, the fall of these wealthy cities began to occur, thus starting the “fall of the Roman Empire.” The working class, or the slaves, were the majority, and most men according to Smith will never see the benefits of improvements to cultivation or increased productivity. Smith said:
“Whatever cultivation and improvement could be carried on by means of such slaves, was properly carried on by their master. It was at his expense. The seed, the cattle, and the instruments of husbandry, were all his. It was for his benefit. Such slaves could acquire nothing but their daily maintenance.”
Slaves are…

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