Colloquial "capitalism" today is just cronyism that in no way resembles the capitalism that Adam Smith wrote about. We really should move towards Rhine Capitalism, the only system that has stood the test of time and truly benefits everyone.
replyAdam Smith wrote about the invisible hand and let the free market run. What ended up happening?
replyHe also wrote about the problem with monopolies, but that was later on in his book so we forgot to do that part so the market isn't properly free.
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