Well, Adam Smith literally states that you need limited government, so yes, that is my take away. Who decides what’s your property and who defends that title for you?
What did Adam Smith warn about with #capitalism?
Well, Adam Smith literally states that you need limited government, so yes, that is my take away. Who decides what’s your property and who defends that title for you?
What did Adam Smith warn about with #capitalism?
the word "capitalism." emerged in the 19th century, to describe the economic system that Smith’s ideas in The Wealth of Nations (1776) helped shape. Smith used terms like "commercial society" or "system of natural liberty" to describe a market-driven economy where individuals pursue self-interest under minimal government interference, which aligns with what we now call capitalism.
Okay, thank you for some google searches. When you said “minimal government interference” is that free markets?