Adam Smith Vrs Karl Marx: Stating the Structure and Implications of the Paradigm Clash that Led to the Death of Karl Marx’s World, to the Fall of the Soviet Bloc, and to the Rise of Socially Friendly Capitalism.

Adam Smith and Karl Marx sent the world into a long cold war that culminated in 1991 with the death of Karl Marx’s world, with the fall of the Soviet Bloc, and with the rise of socially friendly capitalism in China and in the former soviet republics.  From the sustainability point of view the cold war( bare capitalism vrs red socialism ) was simply a war between the social sustainability gap in Adam Smith’s model and the economic sustainability gap in Karl Marx’s model, yet not much is written about the structure of this paradigm clash from the sustainability angle.  One of the goals of this paper is to highlight the paradigm clash structure behind the death of Karl Marx’s world, the fall of the Soviet Bloc, and the rise of socially friendly capitalism.

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