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Capitalism vs. Marxism

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					Capitalism vs. Marxism

      Adam Smith
           &
       Karl Marx
Capitalist ideas: Adam Smith
 Progress results when       Each producer tries to
  individuals follow           provide goods and
  their own self-interest.     services that are better
 Businesses follow            and less expensive
  their own self-interest      than those of
  when they compete            competitors.
  with one another for
  the consumer’s money
Capitalism; Continued

 Consumers compete         Government should
  with one another to        not interfere in the
  purchase the best          economy.
  goods at the lowest
  prices.
 Market economy aims
  to produce the best
  products at the lowest
  prices.
Marxist Ideas; Karl Marx
 All great movements        The Industrial
  in history are the          Revolution intensified
  results of an economic      the class struggle.
  class struggle.            Workers are exploited
 The “haves” take            by employers.
  advantage of the           The labor of workers
  “have-nots”.                creates profit for
 The capitalist system       employers.
  will eventually destroy
  itself.

				
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posted:8/31/2012
language:English
pages:6