A few Questions Please HELPPP!!! Quick!! 20POINTS!!!!!
Use the following quote from Karl Marx to answer the question below:
"Capital is reckless of the health or length of life of the laborer, unless under compulsion from society."
Source: Marx, Capital, Volume I, Chapter 10 (1867)
In what way is this statement consistent with the ideas of Adam Smith?
Smith knew that the invisible hand of the market was not concerned with the health of the laborer.
Smith thought that capitalism was a devastating concept which would bring misery to the masses.
Smith understood that socialists' reforms were important for the maintenance of the capitalist system.
Smith recognized that capitalism was only a short transition period on the way to communism. ---this is not the answer
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Use the following excerpt from Wealth Of Nations to answer the question below:
"The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it."
Source: An Inquiry into the Nature and Causes of the Wealth of Nations
How does the view expressed in this excerpt compare with communist ideology?
Both believe in the private ownership of capital and distribution of resources.
Both disagree with the state playing a large role in determining the path of economy.
This view differs from communism because it argues against government control of the economy.
This view is similar to communism because it argues no single person should receive the majority of economic benefits. ---this is not the answer
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In what way were Karl Marx's views different from the socialism advocated by Owens and Fourier?
Owens and Fourier believed that the working masses were being exploited by capitalism.
Marx wanted capitalism to become so terrible that the masses would have no choice but to overthrow it in a violent uprising.
Owens and Fourier thought that the capitalist system would bring about revolution.
Marx advocated the use of utopian communities and social reforms to create a classless society.---this is not the answer