Adam Smith believed that a flourishing economy requires moral restraint in the p

Adam Smith believed that a flourishing economy requires moral restraint in the pursuit of economic self-interest, universal economic rules, and free competition in all markets. Given these conditions, Smith thought economic growth would benefit all elements of society. According to Karl Marx, each of Smith’s presuppositions is a fantasy. In the real world, capitalism corrupts morality; a ruling class defines the rules; and free competition gives way to monopolistic exploitation. Compare these two views and indicate which you find to be more persuasive and why.