Friday, 22 March 2013

Adam Smith's Invisible Hand

Economist, Adam Smith's "Invisible hand of God" wasn't just invisible, it was never there in the first place.
As famous quotations go, it is as appropriate as, "Just like That" or ,"Now you see it, now you don't",  sayings which could easily sum up the sentiments of those who's wealth "disappeared", as if by magic at the sleight hands of Smith's Laissez Faire economic theory.

Smith did espouse altruism but it appears to have been discarded in the rush to own everything in the world.
Some reports, like this one, which suggests that those who died in the Irish potato famine, were a result of the British government's strict adherence to Laissez faire policy, rather than crop failure which was widespread throughout Europe at the time, do not convey any sense of compassion whatsoever.

I'm not knocking free enterprise but rather, the absence of responsibility whereby the less fortunate, suffer as a consequence of commerce. It is a lack of personal accountability that is the problem.
The irony is that those who benefit most from free market economics are also the most tax efficient, leaving the burden of taxation, squarely on the shoulders of the working class.

Socialism is an evil, made necessary by the greed of unscrupulous merchants, many of whom, would in any other walk of life be possibly regarded as sociopaths.

The existence of these two systems of government side by side, has created a false dichotomy, a dialectic through which "Big Business" has been able to strengthen and consolidate it's position in  government and society.

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