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Capitalism is the answer : Comments
By Peter Bowden, published 9/2/2024Smith was saying that by solely pursuing their own self-interest - and not any conscious intention to be of help to others - and by trading with each other, they benefit their societies.
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ttbn,
Some is the keyword here however, the people creating personal wealth by manipulation, exploitation and, above all greed, vastly outnumber those who become wealthy by merit or for want of a better description, decent means.
The Australian Billionaire Kerry Packer once stated that "one would have to be mad not to pay as little Tax as possible" or something to that effect. I agree. What I disagree with are the deliberate loopholes created for those with money to make more money and, for that we must blame the general public & the politicians they vote in.
Change to a Flat Tax, introduce a National Service & this Nation will bloom as it never has before ! Capitalism & the economy must be a symbiosis because left to its own, capitalism is Parasitism !