Economy

multigraincracker

(37,719 posts)

7. Adam Smith wrote Wealth of Nation at the end

Sun Apr 5, 2026, 02:30 PM

Sunday

at the end of the18th century. He is called the Father on Modern Capitalism. He explained how the free Market equalized the economy.
He did say that markets must be regulated to prevent monopolies. His book was a big influence on the writers of the Constitution. Then the NeoCons threw out that part out and we are living with those results. They are claiming the current situation is the real Capitalism, it’s not. Thank the Chicago School of Economics for it.

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