3 ms·
Capitalism hasn't evolved but rather "devolved" into Cronyism from a benign "invisible hand of the free market" phenomenon of Adam Smith and David Ricardo into
by pyeri 2y ago
Capitalism hasn't evolved but rather "devolved" into Cronyism from a benign "invisible hand of the free market" phenomenon of Adam Smith and David Ricardo into a fully fledged corporate machine with tentacles into layers of political and media control.
But given the long-term trajectory of "free markets" and "invisible hand", I guess this was bound to happen at some point. I wonder what Smith and Ricardo would have said if they knew *this* was where their economic vision is going to end up!