> You can't have capitalism without wealth inequality First, nobody is talking about getting rid of all wealth inequality, but Adam Smith is questioning whethe

> You can't have capitalism without wealth inequality First, nobody is talking about getting rid of all wealth inequality, but Adam Smith is questioning whether extreme wealth inequality benefits innovation and indicates a healthy economy. He makes a number of points about inequality, one of them being that the more efficient a market gets, the less profit margin individual products should generate (since they'll be priced efficiently at or near cost), and the harder it will be in an efficient market for any Capital owner to generate profits on what they build. In general, whether extreme consolidation increases or decreases startup potential is not an absurd question to ask. I understand you have a particular philosophy about Capitalism that states that extreme wealth concentration is enabling opportunities, but that philosophy is not universally shared by every Capitalist, and you don't get to just say that's how it works just because. Obviously Capitalism requires some inequality, and obviously Capitalism requires some equality and social mobility. You see this mirrored in the market itself; it's good for some companies to be more successful than others (that's how we know that the market is working) but almost all Capitalists outside of very narrow anachro-Capitalist sects also believe that monopolies (even natural monopolies) are bad for the market. Second, just saying "you can't have Capitalism without wealth inequality" doesn't add anything to the conversation. It's the equivalent of just commenting under an article, "No, you're wrong." The article argues that Adam Smith advocated against extreme wealth consolidation, it's describing his economic theories. Do you think the article is mischaracterizing Adam Smith? Do you want to point to any of Adam Smith's quotes in Wealth of Nations and explain why they're flawed? Do you want to explain what Adam Smith didn't realize about Capitalism? Or do you just want to keep repeating that he's wrong? > Everybody equal under socialism Again, this is totally irrelevant to what we're talking about, and I do not care about Socialism.