re: #136 LeftyRambles2413 (HappyWarrior)

Hell Capitalism came out better because of the New Deal. That’s what the conservatives don’t get. They see Capitalism as stale. Liberals see it as evolving. Liberal capitalism is more closer to the vision of Smith than the conservatives who were Mercantilist absolute monarchists in Smith’s days.

Adam Smith is as cherry-picked as the Bible. He was against government-sponsored monopolies like the British East India Company. He saw an active role for government to ensure that the markets worked for everyone’s benefit: workers as well as employers, producers and consumers, creditors and borrowers.