Re:Blaming Capitalists and Workers for Inflation
by flagrant_taco on Monday July 31, 2023 @08:26AM
(#36941573)
I'm not trying to steamroll you, I just disagree.
I can't find a source defining free markets as requiring government intervention, I'd be really curious to e one of you have it.
Adam Smith didn't think government intervention was necessary, as best I recall. He described what he called the invisible hand, but that is the natural market forces of self-interested parties not government control.
I copy/paste a quote from Investopedia right now for some reason, but Smith described his opinion of the tiles of government and it specifically didn't include controlling the free market
https://www.investopedia.com/updates/adam-smith-wealth-of-na...
Adam Smith, the guy who defined the term "free market", defined it as I described, not as you have attempted to retcon.