World countries and states have a choice in how to provide, what to provide and whom to provide goods and services.
Adam Smith said that the market should control economic actions. Smith referred to the "invisible hand" as the tool that makes the market work. Adam said that the government should take a laissez faire approach to the market and have little to no intervention.
Karl Marx said the exact opposite of Adam Smith. Karl Marx said that laissez faire or capitalism catered to the powerful and the wealthy. Marx expressed that the government needed to protect its citizens by not only controlling but owning the market. Marx is considered one of the pioneers of communism.
John Keynes had in my opinion, a more intelligent idea on how states and countries should answer how, what and whom to produce goods and services for. Keynes believed that there should be a mix of of market signals and government signals.
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