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The Forum > Article Comments > Conveying credibilty > Comments

Conveying credibilty : Comments

By Paul Dabrowski, published 21/3/2006

Chambers of Commerce - traders associations: a way to do business in a modern disconnected world.

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So the various unions of businesses are going to trample over the various unions of workers. How about explaining each of the 'streamlined'industrial laws to us ? If a democracy is for the people,by the people, and of the people,what do you call a country run by (big) business? U S Ambassador Scheiffer doesn't know the answer.
Posted by aspro, Wednesday, 22 March 2006 1:08:13 AM
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"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. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary.

"A regulation which obliges all those of the same trade in a particular town to enter their names and places of abode in a public register, facilitates such assemblies. It connects individuals who might never otherwise be known to one another, and gives every man of the trade a direction where to find every other man of it...

"The pretence that corporations are necessary for the better government of the trade is without any foundation. The real and effectual discipline which is exercised over a workman is not that of his corporation, but that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence."

- Smith, Adam, "An Inquiry into the Nature and Causes of The Wealth of Nations", 1776, Book I, Chapter X
Posted by MikeM, Wednesday, 22 March 2006 9:07:21 AM
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