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Can Capitalism Lead to Human Happiness?
YES: Adam Smith, free-market economist, states that if self-interested people are left alone to seek their own economic advantage, the result, unintended by any one of them, will be greater advantage for all. He maintains that government interference is not necessary to protect the general welfare.
NO: Karl Marx, German philosopher and Friedrich Engels, German sociologist, argue that if people are left to their own self-interested devices, those who own the means of production will rapidly reduce everyone else to virtual slaves. Although the few may be fabulously happy, all others would live in misery.
Individual Economic Contentment
Human happiness: contradiction in terms, utopian mind-set, or prosperity with purpose. Some argue humans cannot be happy for they are oblivious to the true meaning of happiness, while others believe it is an imaginary feeling full of perfect yet impractical ideals. Still others believe it can in fact exist, but only under a certain set of circumstances. The different meanings of human happiness from the eyes and viewpoints of Adam Smith, Karl Marx, and Friedrich Engels will be presented. Additionally, an attempt will be made to clarify the issues, evaluate the evidence as well as examine
Approximate Word count = 2486
Approximate Pages = 10 (250 words per page double spaced)
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