Capitalism, Socialism, Communism

     This week in history class, we had a very entertaining lesson on Karl Marx's theory of capitalism. To begin the lesson, we were all given three Hershey's Kisses. Then, everyone had to play Rock Paper Scissors with each other in an attempt to win chocolates. If you won, you took one Hershey's Kiss from the class mate. If you lost, you had to begrudgingly surrender one of your chocolates. After we finished playing, some were left with 10 and some were left with none. The teacher then collected all of the chocolates and handed them out again to make sure we all had three. The purpose of this was to represent that capitalism allowed for some people to become really rich or really poor. Then the wealth was collected and redistributed among the population. I really enjoyed this lesson. Especially because we got to move around and work with our hands. It was a relief from writing notes and analyzing pictures.
     Adam Smith's Invisible Hand theory was also beneficial to the poor. In the Invisble Hand theory, the poor would help themselves. The theory purposes that by letting the economy run freely with no support or guidance, people will buy things from venders and the economy will naturally d flourish as if an invisible hand is guiding it. This will allow for the poor to acquire goods more easily and at a lower price. The Invisible Hand mostly benefitted the poor. Adam Smith developed this theory wanting to give the poor more options. The Invisible Hand allowed the poor to earn money and purchase items with no restraints. The theory included commerce and free trade. This made acquiring everyday items much easier for the poor.
     For their time, both of these theory's were revolutionary. They still play a big role in the world today. I believe that both of these options are not perfect and could be made better. But out of the two, Adam Smith's theory is definitely superior. I believe that the collecting and redistributing of wealth would not be liked. People should be able to work hard and earn a lot of money with out having it taken away and given to others who don't work at all. Adam Smith's theory allows the population to earn their own money at their own pace. The beauty of it is that the economy supports itself and naturally flourishes over time. This theory also prevents the poor from having no money at all.