It is the fear of losing their employment which restrains his frauds and corrects his negligence." "The real and effectual discipline which is exercised over a workman is that of his customers. To give the monopoly of the home-market to the produce of domestic industry, in any particular art or manufacture, is in some measure to direct private people in what manner they ought to employ their capitals, and must, in almost all cases, be either a useless or a hurtful regulation. Of the great and extensive interests of his country he is altogether incapable of judging." The torpor of his mind renders him not only incapable of relishing or bearing a part in any rational conversation, but of conceiving any generous, noble, or tender sentiment, and consequently of forming any just judgment concerning many even of the ordinary duties of private life. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible to become for a human creature to become. The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients for removing difficulties which never occur. But the understandings of the greater part of men are necessarily formed by their ordinary employments. "In the progress of the division of labour, the employment of the far greater part of those who live by labour, that is, of the great body of people, comes to be confined to a few very simple operations, frequently to one or two. Wealth of Nations is full of ideas that fly in the face of libertarian capitalism. That first quote seems to actually be attributed to Howard Scott. In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate. They complain only of those of other people.īased on these quotes, I'm starting to think that Adam Smith wasn't a very big fan of what would latter be labeled, the capitalist class, or their government.Įdit: couldn't find another source for the first one, but here's another source for the second one, and the one following this. They are silent with regard to the pernicious effects of their own gains. They say nothing concerning the bad effects of high profits. Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. Government comprises a large part of the organized injustice in any society, ancient or modern.Civil government, insofar as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, and for the defence of those who have property against those who have none.Įdit: my bad the above quote is someone else.Įdit2: this part of the quote was real though.Ĭivil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all. A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.Most government is by the rich for the rich.
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