2025-12-19 10:57 UTC
@ReggieHere@mastodon.social @riggbeck@mastodon.social
But its worth noting that Adam Smith's overall position was that markets could & should be regulated, and that political norms had a role to play (often missed in the popular accounts of Smith's free market credentials)
Replies (1)
-
@Colman@mastodon.ie 2025-12-20 09:43
@ChrisMayLA6@zirk.us @ReggieHere@mastodon.social @riggbeck@mastodon.social see his comments about three capitalists meeting being a conspiracy. We could have chosen to distribute the gains from globalisation (or the EU or North Sea oil or new technologies) fairly. We chose not to and zero sum thinking was deployed to justify that. It’s a lot easier to understand than the network effects involved in positive sum thinking.