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   GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Tuesday, 30-Jan-2024 03:47:20 JST GhostOnTheHalfShell

   in reply to

   @rbreich Adam Smith:

   "Smith thought that high profits were a symptom of serious market disequilibrium: they were ‘always highest in the countries which are going fastest to ruin.’ "

   https://www.economicsobservatory.com/does-adam-smiths-theory-really-imply-todays-inequality

   If markets are central to capitalism and high profits are a symptom of dysfunction in its core pillar, high profits are, in essence, anti-capitalist.

   Conservatives don't defend capitalism, they destroy it. The Left is actually doing more for healthy markets.

   #WhatCapitalism