On 6/14/2015 11:41 AM, Carrol Cox wrote: > If I recall correctly, Smith is attacking labor unions, not capitalists. >
No, Smith is arguing for market competition (the invisible hand) as the regulator of all those who interact in markets. Such competition would prevent the abuses of power by all people. Smith didn't comprehend the uses of power by capitalists in the economy, and so he put his faith in some metaphysical "natural" power of the market. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
