Question

How is socialism fundamentally different from the economic philosophy promoted by Adam Smith ?

Answer 1

Socialism is a evil scheme for the government to get what they want from the citizens without their conscent and most country’s that went socolist in the past killed millions of their own people and hundreads and thousands died to starvation and that country ended up being the worst on earth like CUBA North Korea China USSR Germany in the early mid 1900s and Canada

Answer 2

Answer: the difference is a concept of human nature. Adam Smith´s philosophy is based on assumption of competitiveness. People are competitive, they comptete, there is a rivalry between them. All that presupposes individualism, autonomy, initiative, free spirit. Socialism lacks that. Socialism constitutes another sort of onesidedness: its point of departure is that people are good, like to collaborate and share. That is why socialism wants to eliminate all inequalities (that is why it was and perhaps still is attractive).

Explanation: of course things are much more complex. Adam Smith is a man of 18th century, socialism is a concept that was here and there everywhere and all the time with us, but never totally realized. Nevertheless ideas (even those that seem to be the most beautiful) should be always tested in reality.