L.A. Fosner
May 26, 2022

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I want to clarify this a bit. Within the text of The Wealth of Nations, Smith makes it clear that he's not advocating lawless financial practices in the belief that the good deeds men do by nature will suffice to provide adequate protection for the average citizen.

He advocated protections, by law, of citizens.

But I've never seen that part of his work quoted. The idea consistently quoted is the one that says, generally, when men work toward their own good, they automatically benefit others.

It was never meant to be the absolute it became--that we can leave men to their own devices and they'll automatically promote the best interests of all.

But this rigid interpretation is regularly used to justify refusing appropriate financial regulations; thereby, allowing wealthy people to prey on the poor with impunity.

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L.A. Fosner
L.A. Fosner

Written by L.A. Fosner

Writer/Activist/Humorist/Catalyst for Change. Dispelling the myth of white/male supremacy, and removing religion from government. ProLIFE, not ProBIRTH.

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