• aaaaaaadjsf [he/him, comrade/them]
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    411 year ago

    No, this is actually existing capitalism. The utopian fantasies of capitalist theorists like Adam Smith and Keynes simply do not work or exist in reality.

    • GarbageShoot [he/him]
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      171 year ago

      In terms of Smith writing about his present conditions, I think it was accurate enough for mercantile society. The problem (besides his not-always-reasonable history) is that because he often failed to distinguish first principles from idiosyncracies, the logic of his observations shatters in any other context (e.g. global capitalism).