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safeinOhio

(32,675 posts)

5. Adam Smith the father of Capitalism....

Reply to rusty quoin (Reply #3)

Sat Mar 2, 2019, 03:16 AM

Mar 2019

Adam Smith's greatest statement regarding the need for government regulation of capitalism occurs at the end of Book One of the Wealth of Nations. Smith here stated that the economic “interests” of businessmen are naturally opposed to the public interest. ... Monopolies hurt capitalism.

Then along came Ayn Rand.

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I am actually quite afraid of the spread of "socialism" [View all] ck4829 Mar 2019 OP

???? Going to Jackson Mar 2019 #1

Good point, I don't get it either ck4829 Mar 2019 #2

It's like the other side warns us against a Stalin like system. rusty quoin Mar 2019 #3

Adam Smith the father of Capitalism.... safeinOhio Mar 2019 #5

She was perverse, as are her admirers. rusty quoin Mar 2019 #7

I'm more concerned H2O Man Mar 2019 #4

Or even socialism for the rich. That's when we give big tax breaks for the very rich and compete rusty quoin Mar 2019 #6

Back in 2002, H2O Man Mar 2019 #12

What kind of socialism ? OnDoutside Mar 2019 #8

We have Socialism now but Raine Mar 2019 #9

I follow ya ... and yup, it's frightening this trajectory ... (nt) mr_lebowski Mar 2019 #10

we are dealing with manichaeans it is their religion of good vs evil rampartc Mar 2019 #11