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Was Adam Smith a socialist? #1
Tuesday, January 17, 2017 15:45
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Comment received on Whatsapp. I’ll analyse and comment later. (There’s a somewhat similar comment here). ===THE COMMENT=== Smith’s capitalism demystified…… “People in a free market economy are to trade with, not rob, one another.” – Smith didn’t preach / prescribe inequality as a precondition of wealth creation. Smith is assumed to have accepted inequality as […]
Source: http://www.sabhlokcity.com/2017/01/was-adam-smith-a-socialist-1/
Adam Smith described the free market economy prevalent outside of Government, such as that of the western Isles, Highlands North America, Africa and the Pacific. Free market, not fair, it is surprising what Cook could trade for a few red parrot feathers.