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    GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Tuesday, 30-Jan-2024 03:47:20 JSTGhostOnTheHalfShellGhostOnTheHalfShell
    in reply to
    • Robert Reich

    @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

    In conversationTuesday, 30-Jan-2024 03:47:20 JST from masto.aipermalink

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