Sunday, December 6, 2009

Marx/Smith

After reading the 2 different sections, I thought that Karl Marx took a negative view from the perspective of a worker and knew a lot more about the struggles whereas Adam Smith knew a lot about the system but saw it as very effective. If I had to decide who I thought had better insight into this issue I would Choose Marx. Marx talked about how the worked was selling his labor for very little, allowing the capitalist to make a lot more money by selling the products the laborers make for as high as possible. Marx had a better idea of what was actually going on with this system, whereas Smith only saw the profit that was being made and the creation of new inventions and new technology. He said everyone working in their own self-interest was good for the country and that everyone this way could live a good life. However, this is not the case for those who were laborers working long hours and making next to nothing, unable to support their families and themselves. On the other hand, Marx continues to see all the flaws in the system, especially with machines and how they cut labor and slowly humans become "slaves" to them and capitalists can lower wages further and further. This is why I thought Marx overall had a better understanding of this system of work.

1 comment:

  1. Rehan,
    you showed me a very interesting point. You said that Marx has a negative perspective from the workers viewpoint, but Smith saw it as extremely effective. this just shows that Marx find it unfair and Smith sees it as resourceful and helpful. It depends who you are to take a stand on whose side to take, A worker v a factory owner.

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