1. Both Karl Marx and Adam Smith felt that governments were inherently suspect, useless or counter-productive. [Don't confuse Marx with "Marxist-Leninsim" -- there's a reason for that dual name, you know!]
2. Both of them believed in the virtues of captialism. [For Marx it was a necessary stage for all nations to go through.]
3. Both of them presuppose the "Labor Theory of Value." [The worth of something is directly proportional to the labor invested in it.]
4. Both acceted the same fundamental notion of a just distribution: From each according to h/h abilities; to each according to h/h wants or needs.
5. Both had the same ideal of each individual seeking h/h own ends or goals.
6. Both believed in the desirability of people helping others in need.
7. Both affirmed a realm of privacy and freedom for each person.
Sure....they may have supported these things for different reasons, but, nevertheless....there's a lot of commonality here.
Differnces, ah yes, there were a few:
1. Marx assumed that humans were social beings ["socialist" -- get it!] and Smith rejected this idea [societies are human constructs, not natural].
2. Marx was more optimistic about humans behaving nicely together without external direction. He saw all governments eventualing "withering away." Smith was not so optimistic; he felt a small government would always be necessary.
Most important:
3. Marx had a beard...



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