In the 18th century, Adam Smith proposed a theory that the overall population, in what he called "the invisible hand", could make decisions far better than a few - no matter how "smarter" they are than the average joe.
Economists have mocked him for years for this. Everybody knows that the market is better off when run by a few wise, elites handpicked by the government to ensure the common good!
Well, it looks like Adam Smith got the last laugh.
if the majority is influenced by the 'elites' then there is no difference. this is happening right now in america. we were lied to and confinced by the elites and now we are paying the price.
"The Pentagon, however, has tried before to influence the media, especially the Iraqi media, and fell on its face."- BBC news
if the majority is influenced by the 'elites' then there is no difference. this is happening right now in america. we were lied to and confinced by the elites and now we are paying the price.
Can we have at least one thread where we don't end up arguing about Iraq? Thank you.
"You can kill my body, but you can't kill my soul. My soul will live forever!"
Of course, Im always going to say that people are the best to actually know what is better for them. AUthority of minorities over the majority is always questionnable.
« Aprčs tout, le sang qui coule est-il donc si pur? »
Barnave on the French Revolution
«Gott ist tot! Gott bleibt tot! Und wir haben ihn getötet.»
Of course, Im always going to say that people are the best to actually know what is better for them. AUthority of minorities over the majority is always questionnable.
Yep, that's why socialism never works. :lol:
Adam Smith is my hero.
“It is a paradoxical truth, that… the soundest way to raise the revenues in the long run is to cut the tax rates.” -- John F. Kennedy
If people want socialism, they know that they are doing th best, if they want full scale capitalism, theyre right.
Theyre right on both spectrums if people agree on it.
« Aprčs tout, le sang qui coule est-il donc si pur? »
Barnave on the French Revolution
«Gott ist tot! Gott bleibt tot! Und wir haben ihn getötet.»
If people want socialism, they know that they are doing th best, if they want full scale capitalism, theyre right.
Theyre right on both spectrums if people agree on it.
in socialism, you will always have a few people deciding for the population who gets what, and how much of it everyone gets and who everyone does business with, that's the nature of the beast. in the free-market it's the opposite, the people get to decide who they are going to do business with, and on their own terms.
“It is a paradoxical truth, that… the soundest way to raise the revenues in the long run is to cut the tax rates.” -- John F. Kennedy
in socialism, you will always have a few people deciding for the population who gets what, and how much of it everyone gets and who everyone does business with, that's the nature of the beast. in the free-market it's the opposite, the people get to decide who they are going to do business with, and on their terms.
Not at all, socialism aims for the destruction of social classes and later: the destruction of government. Anarchists are against economical freedom because of the fact it creates social classes.
« Aprčs tout, le sang qui coule est-il donc si pur? »
Barnave on the French Revolution
«Gott ist tot! Gott bleibt tot! Und wir haben ihn getötet.»
Not at all, socialism aims for the destruction of social classes and later: the destruction of government. Anarchists are against economical freedom because of the fact it creates social classes.
So how do you enforce the suspension of economic freedom without government? What's stopping me from forming a business and selling products for what I want, and paying my workers what I want?
“It is a paradoxical truth, that… the soundest way to raise the revenues in the long run is to cut the tax rates.” -- John F. Kennedy
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