Posts Tagged invisible hand
So you think capitalism is the best system to ensure democracy? You think the defense of “freedom” by “libertarianism” supports democracy? You think you know what Adam Smith was talking about by the “invisible hand”? Better take 15 minutes and listen to this.
All for ourselves and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
–Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, Book III, Chapter 4.