Socialism and Communism

In class each student was given chocolate. This chocolate was meant to represent the total amount of wealth earned in each type of economic system. In capitalism for example a majority of students got 3 chocolate, but some students received 10. After the candy was handed out every student has to play Rock Paper Scissors. If you won your game you got chocolate, but if you lost you had to give the victor one of your pieces. When you ran out you sat down. However, in Socialism you didn't have to play like in capitalism, and  if you did lose all your candy you were supplied with more. The game was fun because I goo eat chocolate. It was also frustrating though because  other people may have had an unfair advantage compared to you which became annoying.

Marx and Smith both had very different ideas to help the poor, but in theory do their job. Marx's idea is that through the changes to capitalism to socialism and finally to communism will improve the lives of the poor. Communism allows the people to all have equal pay which for the poor would be perfect. This would give them a boost in society and even the playing field so that the rich nobility is the same of the commoners. However, Smith's idea is very different. His idea is to let the invisible hand help the poor. The invisible is allows wealth to be distributed evenly over the course of time. It allows businesses  to compete with each other   so that the people can get the best quality and price for what they want. This allows economy to regulate itself.

In my opinion I think that Smith's is the best way because I feel that it is more natural approach to helping the poor. I think that Marx's ideas lead to a too fast paced change which would intern lead to worse living conditions. Even though Smith's may take longer it would help better in the long term, and would create better lives for the poor than Marxism.