Write a letter as if you are Adam Smith to Karl Marx, or Karl Marx to Adam Smith. Explain your ideas on economics (capitalism vs. socialism) and why they are better. Your response should be in a letter format, including a greeting, body, and farewell. It must contain at least one paragraph.

Can I get help writing this letter?

Answers

Answer 1

Answer:

I am Adam Smith

Explanation:

Dear Karl Marx

I write to you to explain, respectfully, why your economic theories are wrong.

First of all, capitalism is not doomed to fail as you say. Capitalism is the best economic system we have developed so far. Capitalism allows the free movement of goods and services, and the accumulation of capital, which leads to economic growth, and the subsequent rise in the standards of living. You yourself recognize this fact.

Secondly, capitalism is not fundamentally unfair. It is true that entrepreneurs tend to earn more than workers, but this is because they risk more than them: they risk their capital and savings, and if the business fails, they could find themselves ruined and in debt.

Finally, I do understand that there are flaws with the system, and I support intelligent intervention to solve these flaws. But it is not socialism nor communism what will solve those flaws.

Sincelery, Adam Smith.


Related Questions

The shaduf is an example of which of the seven
characteristics of civilization.

Answers

A shadoof or shaduf[1] (from the Arabic word شادوف, šādūf) is an irrigation tool. It is highly efficient, and has been known since 3000 BCE.


Well pole (called a vinnkaev) in Tuhala, Estonia.

Shaduf in Kom Ombo, Egypt.

Spring crane (Krynychnyy zhuravel) in Baidivka, Ukraine.

Anti-Semitism in the United States during World War II resulted in
a. Jews being banned from the U.S. Army
b. Jews being sent to U.S. internment camps
c. Jewish children being fully segregated in New York schools
d. Jews being encouraged to leave for Mexico.
e. only 21,000 Jewish refugees being allowed in the United State

Answers

Answer:

E.

only 21,000 Jewish refugees being allowed in the United State

Explanation:

American anti-Semitism nevermore approximated the excitement of Jew-hatred in Nazi Germany, but pollsters discovered that numerous American people viewed Jews negatively. A much more alarming warning was the appearance of anti-Semitic heads and movements on the peripheries of the American political system.

important people associated with the american revolution

Answers

Answer:

George Washington, Alexander Hamilton, John Adams, James Madision...etc.

Explanation:

How did Japan respond to the rise of Europe in Asia?

O It sought stronger trade ties with China.

O It sought alliances with the Mughals.

O It sought a policy of isolationism.

O It sought to break the Dutch monopoly on spices.

Answers

Answer:

C is correct

Explanation:

I just looked at the videos and answered this

Answer:

C is correct

Explanation:

"That these united colonies are and our
be free and independent states" meaning

Answers

Answer:

Explanation:

This is called the Lee Statement and it was proposed by Richard Henry Lee in 1776. This means that the colonies that were under the British rule up until the American revolutionary war had the right to be independent and free from all conections to the British Empire and that they can be their own states.

Objective summary of the blues music

Answers

Answer:

The blues is a musical style created in response to the hardships endured by generations of African American people. It originated in the rural Mississippi Delta region at the beginning of the 20th century. Blues has contributed significantly to the development of jazz, rock music, and country and western music.

Answer:

Explanation:

The blues is a musical style created in response to the hardships endured by generations of African American people. It originated in the rural Mississippi Delta region at the beginning of the 20th century. Blues has contributed significantly to the development of jazz, rock music, and country and western music.

Plz help will give points

Which of the following encouraged the NAACP to become involved with Reverend Oliver Brown's lawsuit against a
board of education in Kansas?

the Southern Manifesto against desegregation

the Supreme Court's decision in Plessy v. Ferguson

the election of Senator Harry Byrd to the US Senate

the Supreme Court's decision in Sweatt v. Painter

Answers

The Supreme Court's decision in Sweatt v. Painter encouraged the NAACP to become involved with Reverend Oliver Brown's lawsuit against a  board of education in Kansas.

Kansas's capital is Topeka. U.S. Oliver Brown was an American welder who was the plaintiff in the historic [tex]1954[/tex] Supreme Court decision Oliver Brown, et al. v. the United States. In [tex]1950[/tex], he was recruited to join the Topeka NAACP's legal effort to desegregate the city's public elementary schools. So, the Supreme Court's decision in Sweatt v. Painter encouraged the NAACP to become involved with Reverend Oliver Brown's lawsuit against a board of education in Kansas.

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https://brainly.com/question/16962000?referrer=searchResults

Which was an important impact of the printing of the Gutenberg Bible in 1456? I need help now will mark brainiest \

A The spread of the religious reformers’ ideas could be stopped.
B The accuracy of the Bible’s translation could be confirmed.
C More people could read and interpret the Bible for themselves.
D Hand-copied books soon became cheaper than printed copies.

Answers

Answer:

Correct answer is C More people could read and interpret the Bible for themselves.

Explanation:

A is not correct because on the contrary more religious reformers appeared after this period.

B is not correct as the accuracy of translation was established through centuries before the appearance of Gutenberg's printing press.

C is correct as people were finally able to have Bible in their own possession and thus to interpret it.

D is not correct as this is true. Actually the printed copies were cheaper.

What was the name of the person who befriended Nicholas || (Russian)

Answers

Answer:

Grigori Yefimovich Rasputin

Explanation:

What can cause granite, a rock that makes up landforms such as tall mountains, to break down into soil over time?
A. heat from magma
B. burrowing organisms
C. pressure underground
D. exposure to plant acids

Answers

Answer:

c

Explanation:

Answer:

its C. pressure underground i think?

What was a new Industry as the result of Improved power?
O mining
steel
agriculture
O textiles

Answers

Answer:

Steel

Explanation:

That was the main thing that was used for the industry

Answer:

steel

Explanation:

Where did Biden give his
victory speech?

Answers

Answer:

Mississippi River

Explanation:

Describe the three ways to

restore values that were lost in China during the

time of the warring states,

Answers

Answer:

Restore values after the warring states.

Explanation:

The Warring States are known for its warfare, bureaucratic as well as changes and strengthening of states it produced with it. It was a period when various competitive states in China battled brutally for territorial authority and dominance. Ultimately, the Qin Dynasty was successful and established the first state by unifying others. Before the Warring States period, China was under peaceful, organize, and harmony. The values can be restored by bringing the old culture and traditions among people. Also, by allowing people to decide their beliefs apart from the involvement of the royals.

The Five Pillars of Islam can BEST be described as which of the following?
A
the basic duties of every Muslim
B
the cities considered sacred by Muslims
с
the main disciples of Muhammad
D
the ruins of the first mosque in Mecca

Answers

I believe A
Basic duties of every Muslim

Answer:

c the main disciples of muhammad

10. What was one effect of industrialization in the North?
O It caused factory workers to move to suburbs.
O It caused a middle class to emerge.
O It caused labor unions to disband.
O It caused skilled artisans to earn higher wages.

Answers

Answer:

A

Explanation:

Answer:

A) It caused factory workers to move to the suburbs.

Which term describes a celebration in which people give away food and
gifts?
O civilization
O kayak
O potlatch
O tepee

Answers

Answer:

The best answer is potlatch

Explanation:

tepee is a tent

kayak is a boat

Civilization is a complex human society

potlatch is a celebration were a feast is held

According to the author, Ronald Takaki, what originally separated the racial

groups?

Answers

Answer:

What originally separated racial groups were the similar physical characteristics between members.

Explanation:

Takaki claims that originally racial groups were separated and established by the physical characteristics they had in common with each other. Thus, individuals who had the same skin color, the same eye shape and other similar physical characteristics, were grouped into a single racial group. Currently this type of separation is no longer possible, because the physical characteristics between people are no longer as defined and specific, since the interaction between races, promoted individuals who have characteristics of all of them.

explain why the exodus is seen as a miracle of god

Answers

Answer:

The exodus is seen as a miracle of God because it delivered the Jews from enslavement by the Egyptians. It was an action led by Moses who was guided by God. The final escape of the Jews was made possible by the parting of the Red Sea so they could cross. The same water came crushing down on the Egyptians who tried to follow. Moses parted the sea as a command from God.

Explanation:

How did the Colonists choose to govern themselves?

Answers

Answer:

they decided too do that

Explanation:

Answer:

Charters of royal colonies provided for direct rule by the king. A colonial legislature was elected by property holding males. But governors were appointed by the king and had almost complete authority

Which country owned Alaska before it became U.S territory

Answers

Answer:

Russia

Explanation:

Russia controlled most of the area that is now Alaska from the late 1700s until 1867, when it was purchased by U.S. Secretary of State William Seward for $72 million

During the neolithic revolution humans learn to

Answers

The Neolithic Revolution greatly narrowed the diversity of foods available, resulting in a downturn in the quality of human nutrition.

The three regions of Latin America are:

Answers

Answer:

Latin America is divided up into several regions: North America, Central America, South America, and the Caribbean.

Explanation:

Answer:

North America, Central America, South America, and the Caribbean.

Explanation:


Enslaved people became the preferred commodity from West Africa for Europeans, replacing
as the most valued trade commodity.

Answers

Answer:

gold

Explanation:

Answer: textiles

Explanation:

what is a federal system of government ​

Answers

Answer:

I hope this helps

Explanation:

In federal systems, political authority is divided between two autonomous sets of governments, one national and the other subnational, both of which operate directly upon the people.

Tupac Amaru was the last ruler of the _____.

Aztecs
Toltecs
Incas
Mexicas

Answers

Answer:

C.) Incas

Explanation:

Túpac Amaru (1545 – 24 September 1572) was the last monarch (Sapa Inca) of the Neo-Inca State, the remnants of the Inca Empire in Vilcabamba, Peru. He was executed by the Spanish following a months-long pursuit after the fall of the last stronghold of the Neo-Inca State.

When a company allows its original name to be used for marketing
purposes. For example McDonald's.
*
Partnership
Corporation
Business Franchise
O Non-Profit Organizaation

Answers

Answer:

the answer is A.partnership

Explanation:

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Subject and Theme in Fiction: Mastery Test

1

Select the correct answer.

Select the correct subordinating conjunction to complete the sentence.

he did to study for the final exam must have been helpful; his grade improved from a B to an A.

OA.

Which

B.

That

C.

So what

D.

Whatever

Reset

Next

Answers

Answer:

A.

Explanation:

because it is the right significant of two sayings

Mesopotamia's two important rivers were the Euphrates and the _______. Large stepped pyramid structures found in Sumerian temple complexes are called _______. The practice of worshipping more than one god is called _______. _______ was the system of writing invented by the Sumerians. The earliest story in literature is the _______. The earliest written code of laws was created by the Babylonian king _______. Respond to the following based on your reading. Civilizations possess certain common characteristics. What are these characteristics? What's Hammurabi's Code and what does it tell you about Babylonian society?

Answers

Answer:1.Tigris

2. Ziggurats

3.polytheism

4. Cuneiform

5. Epic of Gilgamesh

6. Hammurabi

7. Civilizations are complex societies that generally have cities, writing, complex religion, job specialization, social hierarchy, and monumental architecture.

8. Hammurabi’s Code was the earliest written law code. It supports “an eye for an eye” form of justice but at the same time shows how people of different social rankings were treated differently under the law. This means that Babylonian society was very hierarchy.

Explanation:

Answer:

Tigris

ziggurats

polytheism

Cuneiform

Epic of Gilgamesh

Hammurabi

Civilizations are complex societies that generally have cities, writing, complex religion, job specialization, social hierarchy, and monumental architecture.

Hammurabi's Code was the earliest written law code. It supports "an eye for an eye" form of justice but at the same time shows how people of different social rankings were treated differently under the law. This means that Babylonian society was very hierarchical.

Explanation:

PENN

Hierroglyphics used pictures and sound symblos. true or false

Answers

Answer:

True

Explanation:

Read this excerpt about a Viking invasion in England.

As [the Vikings] were going to their ships, the English army should have come back into the field to prevent them turning inland again. And that’s when the English army went home. . . . All the council was summoned to the king to determine how to defend the realm. But whatever was decided on did not last even a month. In the end, there was no man prepared to call up his forces. Everyone ran off and did the best he could.

What does this excerpt indicate about the general state of European military power at the time of that invasion?

The military needed help from the Roman Empire.
The military was powerful enough to stop the invasion.
The military was not strong enough to protect Europe.
The military was full of strong, independent leaders.

Answers

Answer:

The military was not strong enough to protect Europe.

Explanation:

The military was not strong enough to protect Europe.

Answer:

C : The military was not strong enough to protect Europe.

Explanation:

Trust me on this, also can I have brainiest please?

Hope you do well! :D

I also did the test.

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