Adam_Smith

1. A) Adam Smith was a Scottish moral philosopher and a pioneer of political economic. He believed the best economic system was based on small government, free trade and free competition which made him has the name of “Father of Capitalism”. Adam Smith suggested the small government which just caring for the security of the country and citizens with not interfering in the lives of the citizens. He believed that would costs less money to operate the government system. From my point of view, i dislike Smith’s theory. I think the small government is unable to cover some social issues which would make the society unsteadily. Adman Smith’s capitalism is unfair for the poor who without money, cruel to the sick, handicapped and children. Comparing with Smith’s theory, I like Marx’s theory. First of all, he advocated free trade and free competition must be based on equality in power. No pain no gains, otherwise, the more you work, and the more you can win. Secondly, Marx believed people need big government which can provide free education for next generation, more jobs opportunities and medical care. This theory is way better than Smith’s small Government. B) If I were a member of the American Congress, I would strongly support Karl Marx’s ideas. As we all known, financial crisis engulfed United States several years ago, with the result that many of the financial giants was forced to file for bankruptcy, unemployment rate rose suddenly. Nowadays, unemployment still an increasing big issue, the only way to decrease the unemployment rate is to offer more job opportunities by the government and some big corporations. Thus need a well-structured and build government to create more job positions. . In order to obtain more jobs, the government must paid large amount of money into society. The more job positions are created, the larger amount of taxation government could levy. The larger amount of taxation government levied, the better education, health care and social pension insurance system is going to be provided. So I think it is necessary to have a well-structured big government. 2. There is one scene in the tape of STALIN that impressed me so much. A lot of super skinny children sitting there begging for the drinks and foods. They were starving and almost died. There are lots of people who died by starvation. People lost their mind and started to eat died people’s body because of the extremely starvations. This makes me strongly agreed with Marx’s theory. Only strong and big government can protect their populations from war crimes and crimes against humanity. 3. Germany was identified with Fascism before and during World War II. Fascists believe their nation is superior to other nations. German fascists are contemptuous and only care about whether you are German or not. They hate and ignore people who are not German. Hopefully there are few fascists today in Germany and in other countries.