Glibraith and Marx Comparison
Galbraith's idea running Economist works better in the 21st century than Marx because he believe that capital is not personal, it is a society and Galbraith believed capital is personal. Galbraith said capital is a personal power, but a power that an individual should used in a socially responsible way. Marx's idea will not aid an individual capital because an individual is working to benefited the society, but not fort himself. In America an individual will have to work hard tog et far in life. Also an individual will most likely put themselves first before society. Galbraith believed that if an individual capital is successful therefore, the capital of society will also be successful.Marx's idea will not work in the 21st century because he believes that an individual should work to improved society. Also, Marx break it down into two categories; the bourgeoisie-who owned property and the proletariat- who owned nothing, but wok to produced wealth. In America, we do have people that fit into these two categories. Marx did not talk about opportunity or chances that an individual have unlike Galbraith. All he mentioned was that for an privilege person he or she must work hard to help to improve society. Although,
All their life they have always need under the bourgeoisie. As for the proletariat who try to keep up will never be fast enough because there would always be something new that come out. It all started out trading with other nations and countries. For their whole life they been working so hard and it doesn't seem to go anywhere. Therefore, he would not ignore poverty because in America ignoring poverty would be ignorance. Marx simply believe that since the beginning, it began with bourgeoisie. Unfortunately, since 1959 there are little progress in aiding these poor families. Also since the beginning of it me the proletarian has always been the working class. Galbraith would want the bourgeois to donate money to the lower class. From this on this is how the bourgeoisie began growing so rapidly. And these people are unskillful and for that they even struggle more. Another problem is that we also have a group problem which he called insular poverty. Galbraith believe that if these poor people children can get educated than there are hope for them. This group would effect the environment and also they're below level.
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