Marx's Theory Vs Smith's Theory

When we walked into class most people were handed three starbursts and a few others were given ten. The students with three starbursts represented the poorer class and the students with ten represented the wealthy class. We played rock, paper, scissors against each other to win more candy. Some people strategized by playing it safe, they kept their candy and didn't participate in the game. Most of us played and risked it while others broke the rules and tried to steal the candy. Playing the game was fun if you were winning, but it was frustrating when you kept losing or people were stealing from you. The purpose of this lesson was to show how the government worked.

Marx and Smith both had different theories about how to help the poor. Unequal distribution of wealth led to Marx theory which was socialism. This theory wanted the government to have ownership of industries and the goal was to bring economic equality. The whole point of socialism was to aim for a classless society. However, the wealthy people and government did not like this theory and opposed it. On the other hand Smith had a different theory. His theory was called The Invisible Hand. The thought was that no government control will promote business and supply and demand will regulate business in the market. This lead to business people lowering their prices and getting better goods hoping to attract more people. Competition was supposed to regulate the market and commerce, free trade, and limited government would help the poor.

In my opinion both of these theories is not a good solution. They might help at first, but I don’t think either will have a positive result. It is not fair to the wealthy to have a classless equal society because most of them worked hard for their money and deserve to keep it. We should still figure out a way to help the poor, but not make the wealthy lose all their money because of it. I also think getting rid of the government is a bad idea. Without the government there would more than likely be an anarchy and that would just make things ten times worse than they already are. Both of these theories could work for the time being, but I believe there is a better solution to this problem.