Karl Marx vs. Adam Smith: The Battle of Economic Ideologies
Eclipse of Ideas Eclipse of Ideas
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 Published On Oct 6, 2024

In this thought-provoking video, we dive into the economic philosophies of two of the most influential thinkers in history: Adam Smith and Karl Marx. Known as the father of modern capitalism, Adam Smith believed in the power of free markets and individual enterprise, championing the idea of the 'invisible hand' guiding economies. On the other hand, Karl Marx, the revolutionary critic of capitalism, argued that the capitalist system is inherently exploitative and predicted it would eventually lead to its own collapse.

Join us as we explore their contrasting views on markets, labor, class struggle, and the role of government in shaping society. From Smith’s belief in the division of labor to Marx’s vision of a classless, communist society, we unpack the key ideas that continue to influence economic debates today.

Who had the better vision for the future—Smith or Marx? Let us know in the comments!

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