Tuesday, 16 August 2011

Adam Smith Is Angry

Adam Smith - etching by unknown artist, from original medallion by James Tassie (1787) - public domain, via Wikimedia Commons
Today's Goat Quote arrives via a specially splenetic post from Kevin Carson, who is characteristically unimpressed with pro-corporate politicians' pretensions to champion - or even to tolerate - anything resembling a free market.

To their complaints that their usefully acquisitive rich pals are being oppressed and envied all over the shop, Carson offers this alternative estimate of them from the Father of Free-Market Thinking himself, in the much-cited and seldom-read 'Bible of Capitalism':

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, The Wealth of Nations, Book III, Chapter IV.

The Invisible Hand of the market is fine by me. But it would be well for the rich bloke trying to pick my pocket on the sly, to understand that he is not what I mean by it!

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