Carl Marx

A while ago in class we learned about Carl Marx and the Communist Manifesto. The main point that I got from the book is that he thought it was best to have a socialist economy. Although this is understandable at the time it was written due to the horrible lifestyle of many workers who were under paid and over worked, I think that he is wrong. Not only does a socialist economy take away some amount of freedom but it also takes away competition in the economy. I think that without competition it takes away people's will to work hard and to improve because that is no longer as necessary. Competition is what drives people to do a better job. The government does need some involvement such as minimum wage and child labor laws but it should not have too much control over the economy.