The theory of Marxism is superior on paper, but impossible in reality, while capitalism as presented by Smith is more suited for the real world economic practices. Karl Marx was the creator of Marxism and was a Hegelian at first, but his views where converted later on to communism and further on into his own Marxist beliefs. His beliefs held the fact that money is what alienates people, and that religion is insignificant. Adam Smith is the creator of capitalism in a sense. Many people contributed to his beliefs which outline the fact that the market should comprised only of small buyers and sellers; that way no entity is too large to influence price. This way everyone would benefit, but this will be explained later on. He also felt that the government was in place to serve the rich with its tax laws.
Karl Marx was born in1818, in Tier Germany. His parents originally Jewish converted to protestant to make life easier for Karl's father to practice law. Marx's education started in the University of Bonn, but was sent to the university of Berlin after he was arrested for drunkenness and his father felt it would be better for him. In Berlin he switched from law to philosophy, and oddly enough it was his father's death that put the thought of getting a job into Marx's head. After university his interests turned to journalism, he first worked for a liberal newspaper, but after working for a bit as its editor the Prussian government censors took interest and shut it down. He was soon forced to leave to Germany because of his new publication venture. He moved to Paris and considered himself a communist. He met Engels in Paris and together they published Marx's first book, The Holy Family. He was soon forced to move to Brussels, and partook in a communis ...