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I can only speak of my experience. Adam smith pointed out that the rich will always dominate the poor, as we are small and we can talk to each other. This has b
by alexnewman 8y ago
I can only speak of my experience. Adam smith pointed out that the rich will always dominate the poor, as we are small and we can talk to each other. This has been my experience as well.
- conanbatt 8y agoSorry, when did he pointed that out? I don't think that is true at all. In fact, he claims that the worst and most pernicious oppression of the poor is done by the measures and people that claim to do it in their aid.
- alexnewman 8y agoI could point out a few but I’m currently partying. Here’s my favorite and tell me if it is close enough to convince you “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
- conanbatt 8y agoHe continues to say that any attempt to prevent it would be either ineffective or cause the monopoly itself. He gives as examples the regulations of “making a registry with name and address of every tradesman makes it easier for them to congregate” and “the requirement to make a retirement fund makes congregation a necessity”. Praphrasing
- alexnewman 8y agoHe also advocated for free education, free clothing. People want to pain adam smith as an extremist, but having read him a couple of ties, he'd be considered a centrist today.