Communist Manifesto By Karl Marx: A Comparative Analysis

“Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.” ~ Adam Smith. Humans are the only living organisms that trade to obtain another resources. Two basic types of way we consume trade are through market economy and planned economy such as Capitalism and Communism. In the book called the The Wealth of Nations, by Adam Smith, he explain the capitalistic ideology and in the book called Communist Manifesto by Karl Marx he shares his philosophy of communism. Capitalism and communism are on the opposite ends of the economic spectrum because both have different principles, affect the people differently, and have contrastingly result on the ethos. Capitalism and communism have different principles. What does

This is significant because people are the foundation on an economic system, for example consumers are the buyers or the products or services and suppliers supply the consumer with the products or services. In capitalism the people set the business, which is having entrepreneurial abilities. The entrepreneurs then supply the consumer with jobs, products, and services. As a result the wealth is unequally distribute meaning the lowest person in the business change pay wage vary than the highest person. Where as in communism the wealth is equally distribute due to the fact that the people do not own their own business instead all of the people own the factories. In other words the government own the businesses and supply the consumer with the jobs, products, and service. As a result of both Capitalism and communism, there are have negative and positive effects on the people such as losing efficiency leading to failure of capitalism and corruption or scarcity leading to unsuccessful growth of communism. Lastly, Capitalism and Communism have contrastingly result on the ethos. This is significant because the ethos today of some countries may or may not be how the