Koren Cole
Professor Aline Kalbian
IFS 2007-0001
7 October 2015
An Unsolvable Argument Economic systems attempt to explain how a society should control their economies, which are based on moral ideas. This basis sparks debate on which economic system contains the correct ideas in order for society to flourish. Classical liberalism, liberal egalitarianism, and Marxism have opposing views on inherent concepts within each economic system. This prevents any agreement on economic inequality or just distribution of resources between the three economic systems. Human nature is an aspect of each economic system, but classical liberalism, liberal egalitarianism and Marxism utilize this idea in differing fashions. Classical liberals believe that individuals have rights that are natural to them when they are born. Tom G. Palmer, a Senior Fellow at the Cato Institute and an advocate of classical liberal ideas, writes that “individuals have impenetrable rights” , and that humans have an “appreciation for the capacity for social order and harmony [that] emerges spontaneously”. This quote displays that classical liberals believe that human nature is inherently good and government intervention is not needed in order to keep social…show more content… An ideal Marxist system believes in the equal distribution, of capital, which includes both money and physical items, between all people. In political applications of Marxism, such as communism, the government has implemented collectivization efforts in order to control the amount of goods produced and distributed to the people. Marxists also believe that class distinction is the primary determinant of injustice in a system, and that the proletariat, or working class, should be in constant revolution against the bourgeoisie, or the class who owns most of society’s wealth, in order to keep private property distributed among the people and not in the hands of the