Adam Smith’s World Vrs Socially Friendly Capitalism: Who Would Have Won This Cold War? What Type of World Would Have Come Out of This Clash?

By Lucio Muñoz:  Independent Qualitative Comparative Researcher / Consultant, Vancouver, BC, Canada Email: munoz@interchange.ubc.ca

Abstract

We know that the clash pure capitalism vrs red socialism was won by pure capitalism as red socialism collapsed under extreme capitalism deficits.  In other words, the world of Adam Smith prevailed and the world of Karl Marx collapsed.  Now imaging for a moment that Karl Marx would have proposed a model based on socially friendly capitalism instead of red socialism, to combat Adam Smith’s world, who would have won the paradigm clash then?  What type of world would have come out after the paradigm clash was resolved?  Among the goals of this paper is to provide answers to these questions using qualitative comparative tools.

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