Comparing Adam Smith and Karl Marx Essay -- Politics Political Essays

Comparing Adam Smith and Karl MarxSmith and Marx support upon the importance of capitalism as unleashing productive powers. Capitalism is born extinct of the division of labour... that is, it is made possible by dividing jobs up into simple tasks as a way of increasing efficiency. By increasing efficiency, then everyone tolerate produce more than they personally need. The extra produced can go towards the collecting of capital, (machines, more land, more tools, etc) which will allow for even more change magnitude efficiency and production. Both thought that this increased production was great. But Marx express that capitalism was only one stage... that every country must go through capitalism, to get that increased production, but that capitalism is unstable. It requires expanding markets and will arrest up creating a large gap between the wealthy and the poor, with more and more people becoming poor. Because of this instability, he thought that it would eventually collapse. However, present is where they split. Smith thinks that as everyone produces more, they have more to sell (exchange) and ever...