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Also note this passage, as a counter-point: >>[The rich] consume little more than the poor, and in spite of their natural selfishness and rapacity…they divide
by CryptoPunk 9y ago
Also note this passage, as a counter-point:
>>[The rich] consume little more than the poor, and in spite of their natural selfishness and rapacity…they divide with the poor the produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species.
- primroot 9y agoThanks. As the article states, Smith was clearly not some sort of proto-left-wing intellectual. Here is the source of your quote http://www.econlib.org/library/Smith/smMS4.html#IV.I.10 http://www.econlib.org/library/Smith/smMS4.html#IV.I.10 Evidently, Smith was unfamiliar with golf courses. I see the whole paragraph (of your quote) as being even more detached from today's reality than his oft-cited quote regarding famine and government.