"The increase of revenue and stock is the increase of national wealth." - Adam Smith, The Wealth of Nations
The Wealth of Nations spoke of the advantages of capitalism. Adam Smith said that an economy where people could run their own businesses, etc. would be an economy that adjusts wages and prices to the appropriate levels. Smith also believed that an invisible hand controlled the economy, and this invisible hand would regulate capitalism. Adam Smith's idea of capitalism went against Karl Marx's idea of communism. The United State's believed in capitalism. |
“Workers of the world, unite!” - Karl Marx, The Communist Manifesto
The Communist Manifesto, however, spoke of how wonderful communism is. Karl Marx thought that the middle class oppressed the lower, poor class. Marx believed that the only way that the lower class would gain power over the middle class was through a violent revolution. This revolution would result in an equal class system. Everyone would be equal. Karl Marx's idea of communism went against Adam Smith's idea of capitalism. The Soviet Union believed in communism. |