Free Market Ideology and Adam Smith: The Great Con Trick
Free Market ideology will fall away forever after the next one. It is horrifying (well, slightly puzzling) that those concepts still seem to be taught in some places as an "actual thing"). Reminded by someone replying to my e-mail earlier, that Schlefer was writing about this vast "misconception", or gigantic confidence trick, as long ago as 1998. No doubt the fundamentalist cash-club far right propagandists wound up their machine to denigrate him and others as dirty "Socialists". Every single person who ever witters and squeaks excitedly about Free Markets and "Efficient Flows" of money ever again shall get a copy of this paper pinged back at them, without fail. Adam Smith himself: By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, l...