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Communist Manifesto By Karl Marx: A Comparative Analysis

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Wealth of Nations by Adam Smith and “Communist Manifesto” by Karl Marx and Friedrich Engels both address selfishness and its effect on society through social and economic means. In Wealth of Nations, Smith defines wealth as the productivity of a nation and the aspects of a commercial society. “The Communist Manifesto” criticizes the idea behind a capitalist society and talks about the class struggle between the working class and the owners of the means of production. Wealth of Nations and “The Communist Manifesto” both analyze how the selfishness of people affects society, however while Wealth of Nations claims selfishness causes increased productivity and increases wages for all, “The Communist Manifesto” argues that selfishness causes injustice …show more content…

In fact, “by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain” (CR 88) wanting to maximize his profit while minimizing his costs. So, instead of increasing the wages of their workers, they would instead keep their wages low and keep the money they earned. The owner wants an “industry that produces the greatest value” (CR 88) which would lead one to infer that they just should not give the workers a salary. However, although the company owners “neither intends to promote the public interest, nor knows how much he is promoting it” (CR 88) because of the need to raise the wages of workers. The industry owners end up being “led by an invisible hand to promote an end which was no part of his intention” (CR 88) which pushes the owners to increase the wages of factory workers to allow them to be able to purchase more products, thus further supporting industries. So, although industry owners can restrict the wages given to the workers, it would only hinder society because they are limiting the amount of money that is in circulation, so the owners are forced to give the employers an increased

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