Comparing The Beliefs Of Adam Smith And Karl Marx

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The beliefs that Adam Smith, Robert Owen, and Karl Marx had were all very different. Adam believed in capitalism, Robert believed in socialism, and Karl believed in communism. Of these three choices, I consider Robert’s ideas the best for the world of 1900. Socialism is the idea that production, distribution, and exchange should be owned or regulated by the community, or in other words, the community should be in charge of the market. The idea alone is okay, but Robert had other ideas that would really impact the industrialized world. Robert believed that the working conditions workers faced were atrocious. Changing the conditions would improve lives, and would possibly improve the rate at which the workers produced. He would also go

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