Paper Straws Are Not Enough 

Adam Smith would be spinning in his grave with today’s crony capitalism. Interestingly, “the term ‘capitalism’ appears nowhere in Smith’s writings.” (Source: Jesse Norman, Adam Smith, Penguin Random House/UK 2018, pgs. 265-66)According to Jesse Norman, former Financial Secretary to the UK Treasury, 2019-2021 and Member of Parliament since 2010: “The real Adam Smith was (a) not an advocate of self-interest (b) did not believe rational behavior was constituted solely by the pursuit of profit (c) was not a believer in laissez-faire (d) was not pro-rich (e) was not anti-government.”In other words, Adam Smith is/was the antithesis of today’s brand of neoliberal capitalism, and oh yes, (f) “far from glorifying consumption for its own sake, Smith deprecated it.”

Source: Paper Straws Are Not Enough – CounterPunch.org

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