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Cake day: August 2nd, 2023

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  • If you read the entirety of both Wealth of Nations, and The Theory of Moral Sentiments, I believe that you’ll find that pulling the segment of “like all other men” out of the original quote reflects the sentiments of Mr. Smith correctly. He used that phrase to mean all other men of capital, not the entirety of the human species. He spells that out in his previous work “A Theory of Moral Sentiments,” but to leave the quote unabridged allows for bad faith arguments against the spirit of the author’s self proclaimed intentions of artificially and quickly expanding wealth so that the nations could work together to create utopia eventually. Adam never intended us to stick with capitalism after the late 1800s by his own benchmarks in both volumes.



  • That’s not as surprising as you may think. Take campaign financial reform. Campaign finance reform is one of the only issues that 100% of Congress agrees that it needs to be fixed. Every single one of them HATES the fact that they have to spend upwards of 75% of their time in Congress on the phone calling rich donors. There have been multiple common sense bills that have been introduced that call for capped and federally supplied campaign funds. Almost none of them will vote for it, because that removes the primary tool of power that big moneyed interests have to put pressure on politicians, so their big money donors tell them not to vote in their own self interests, and dangle a check in front of them to do so.




  • AngryCommieKender@lemmy.worldtoMemes@lemmy.mlCapitalism
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    7 days ago

    I don’t care for capitalism, but Adam Smith was an abolitionist. He absolutely hated slavery because he believed it to be immoral firstly, and economically inefficient secondly. He couldn’t prove the second part, but once someone at either Cambridge or Oxford did manage to prove it, Great Britain and Europe outlawed slavery. Again, I’m not defending capitalism here, and I’m certain, from the tone of The Theory of Moral Sentiments, that, were he alive today, Smith would be railing against Capitalism. I’m just pointing out that it was supposed to be abolished far quicker than The Civil War.