Question

Use the following quote from Karl Marx to answer the question below:

"Capital is reckless of the health or length of life of the laborer, unless under compulsion from society."

Source: Marx, Capital, Volume I, Chapter 10 (1867)



In what way is this statement consistent with the ideas of Adam Smith?

A) Smith knew that the invisible hand of the market was not concerned with the health of the laborer.

B) Smith thought that capitalism was a devastating concept that would bring misery to the masses.

C) Smith understood that Socialists reforms were important for the maintenance of the capitalist system.

D) Smith recognized that capitalism was only a short transition period on the way to communism.

Answer 1

I believe the answer is: A.Smith knew that the invisible hand of the market was not concerned with the health of the laborer.

The power of invisible hand in the market only care about the power of supply and demand which would determine who will obtain the most wealth. Even if the process could disregard the wellness of many people, as long as the demand is met, consumers wouldn't put too much thought on the laborers.

Answer 2

Answer:

the answer is a

Explanation: