Power of the Market - Principles of Adam Smith
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@ElenaXVI you don't sue for diluted milk. you just don't buy that brand of milk anymore...
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a walk in the park
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"people lived in villages"
Everyone?
"production and consumption were organized locally"
You mean trade is a phenomenon unique to our times...?
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Adam Smith (1723-1790)
watch?v=Z92pjQVgqmY
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hehhe the fella is bullshiting his way through the answer.. what a shithead! a real scientist :-D
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I am pleased to have one of my favorite economists talking about the philosophical principles of the man who did for capitalism as much as Karl Marx did for socialism.
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@fzqlcs No wait... I think I just converted to capitalism. I thought I was thinking for myself, but now I see I was brainwashed by leninists like Obama. They're fucking evil and want to turn the world into a huge Gulag. You're right. Market good, state bad. Thank you, friend. I just saw the light.
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@ElenaXVI Laissez-faire capitalism is a timeless principle, like reason, liberty and justice. It is simply the principle that you and I can make a transaction without having to gain permission (licensing and regulation) from a third party (govt). It would allow you, for example, to transport folks for money with having to buy a taxi license. Economic liberty is as relevant an idea now as it was in Adam Smith's day. Government's only role should be to provide a court system to settle disputes.
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All little kids that like Noam Chomsky should go watch one of his crappy pseudo-intellectual videos like good indoctrined communists that they are. Do us all a favor, quit trolling, start conversations in places and sites that were made for people to discuss such issues in depth, not a video-related site.
The same goes to all those who answer the flamers. Do not feed the troll people.
redpyramid88 11 months ago 12
@MultiSmartass1 The way that you can make false conclusions amazes me. First of all, WE STAND FOR LIBERTY AND LIBERTY IS A CONCEPT VERY TANGIBLE . Go and lock yourself in cell for 6 months than come back here and post if Liberty is tangible or not.
fefe74e 7 months ago 8