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Inside: Capitalists hate capitalism; and more!

Archived at: https://pluralistic.net/2023/06/09/commissar-merck/

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Cory Doctorow

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dr bwinbwin
Love the intro paragraph:

As the Marxist agitator Adam Smith once said, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

Marxist agitator!! 😂

Cory Doctorowudostępnił to.

Jeff Craig
@bwinbwin People who've clearly never read The Wealth of Nations love to opine about Smith's worldview.

He literally wrote about the imbalance between Labor and Capital, lamenting that English law was Anti-Labor, and mused that industrialization was going to make this much worse.

The problem with Smith is that he wrote as if he were documenting a Natural Phenomenon, and as such was completely uninterested in discussing how the system could be different.
@dr bwinbwin
Marc Madness
@foxxtrot @bwinbwin I have read both Kapital and the Wealth of Nations (albeit a long time ago), and I found it surprising how much those two works are in agreement considering how they are often cited in support of opposing economic philosophies.
@dr bwinbwin @Jeff Craig
frater mus
@foxxtrot @bwinbwin
> People who've clearly never read The Wealth of Nations love to opine about Smith's worldview.

That goes double for Theory of Moral Sentiments
@dr bwinbwin @Jeff Craig
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