Smith has been debunked so many times already. You just got to read up on what has happened since his ideas were championed by those in power – and what happens to people who try to correct this basic mistake. Go Chomsky and others who bother learning and being compassionate, which is also something Smith had problems with.
Supermarkets sure reduce choice when they put local business out of business then offer a handful of options. Though not sure if Don is right on this one. Re this article:
Monty Don thinks supermarkets reduce choice — Adam Smith Institute
This is not a contention which survives any interaction with reality : Supermarket plant sales are reducing customers’ choice, says Gardeners’ World presenter Monty Don. Nurseries increasingly focus on plants that can be mass produced so the big stores can sell them cheaply, he says. “You h
Not entirely Smith’s fault but he should have known his words would have been twisted by those with less scruples and more to lose.
more here, agreed btw.
I can highly recommend Jeff Madrick’s book “Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World.” reviewed here https://www.huffpost.com/entry/the-invisible-hand-conver_b_6590420
Smith has been debunked so many times already. You just got to read up on what has happened since his ideas were championed by those in power – and what happens to people who try to correct this basic mistake. Go Chomsky and others who bother learning and being compassionate, which is also something Smith had problems with.
Supermarkets sure reduce choice when they put local business out of business then offer a handful of options. Though not sure if Don is right on this one. Re this article: