This passage discusses the life and ideas of Karl Marx, with a focus on his analysis of capitalism in his work "Capital." It also mentions Adam Smith and his ideas on capitalism, highlighting the common theme of caring for humanity in both their philosophies. Marx's analysis of the exploitation of labor by capitalists and the potential for revolution in the face of crisis is emphasized. The passage also touches on the evolution of capitalism and the enduring relevance of Marx's ideas in modern times.
1. Adam Smith's free market system developed in the 19th century.
2. Workers' suffering under capital and labor increased over time.
3. Karl Marx ranked first in a 2008 BBC survey of the greatest philosophers.
4. Marx became the editor-in-chief of the Rhine newspaper in 1843.
5. Marx transitioned to communism and aimed to create a government-free world.
6. Marx's revolutionary efforts in 1848 ended in failure.
7. Marx faced financial struggles and lost three of his six children.
8. Engels published Marx's notes, including "Capital," after Marx's death in 1883.
9. Marx's ideas influenced subsequent thinkers and economists.
10. Capitalism and communism faced challenges in the 20th century, deviating from Marx's predictions.
11. Adam Smith and Karl Marx shared a common starting point in their thoughts – love for humanity.