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Karl Marx vs Adam Smith

Karl Marx vs Adam Smith. Part two. Karl Marx. German Philosopher 1818-1883. I hate Capitalism. Capitalism is a brutal system where there are few winners and many losers. The division of wealth. A few at the top many at the bottom. Bourgeoisie : The owners

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Karl Marx vs Adam Smith

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  1. Karl Marx vs Adam Smith Part two

  2. Karl Marx German Philosopher 1818-1883 I hate Capitalism Capitalism is a brutal system where there are few winners and many losers

  3. The division of wealth A few at the top many at the bottom • Bourgeoisie: The owners • Proletariat: The laborers. The vast majority of people

  4. Marx in context Industrial working conditions 1850 No health insurance No workers compensation No overtime Low wages Child labor Exploitation of women

  5. Marx envisions 1 To each according to need • Your pay should be based on how many mouths you have to feed. • If you have a family of ten, you will have a salary ten times higher than a single person.

  6. Marx envisions 2 From each according to ability Everyone is required to put forth effort In order to get paid, you must work hard

  7. Competition bring out the worst in people • People become monsters and will do anything for an advantage

  8. Religion is the opium of the people Religion is like a drug. It creates a high where people become passive and wait for their reward after death. Religion teaches obedience to authority.

  9. Basic Needs • No homeless • No unemployment • No tuition • No hospital bills

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