WTF?
WTF?
Jul 22, 2017 · 1 min read

You know capitalism is not science. There is still very heated debate whether economics is a social science or a natural science, or even a legitimate science in any sense. When Adam Smith employed the now ubiquitous “invisible Hand” metaphor, it was a specific hypothetical case of a pin factory. That’s it.

It was never intended to become a foundational and overarching principle.

Read Gavin Kennedy’s Adam Smith and the Invisible Hand: From Metaphor to Myth. You can find it online.

This must be Karl Marx, right?

“The Labour and time of the poor is in civilised countries sacrificed to the maintaining of the rich in ease and luxury. The Landlord is maintained in idleness and luxury by the labour of his tenants. The moneyed man is supported by his extractions from the industrious merchant and the needy who are obliged to support him in ease by a return for the use of his money. But every savage has the full fruits of his own labours; there are no landlords, no usurers and no tax gatherers.”

Wrong. Adam Smith.

You need to flush out your headgear Holly. At least turn the light on if you are going to try shadowboxing with everyone, including those who are your allies.

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    WTF?

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