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theneverfox

@theneverfox@pawb.social

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theneverfox,
@theneverfox@pawb.social avatar

No, the problem with Smith’s capitalism is that he’s constantly misrepresented

He was descriptive, not prescriptive. He was not an advocate of capitalism, he was explaining it - and if you read the wealth of nations and your takeaway was “Lassie Faire capitalism is a good idea”, reread it

theneverfox,
@theneverfox@pawb.social avatar

My point is that Adam Smith wasn’t really an advocate of capitalism, he explained it and made a strong case for the necessity of regulation

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