01-10-2016, 01:56 PM
(01-09-2016, 09:43 AM)JustWinBaby Wrote: All Socialists, at their core, see the govt as Adam Smith's "invisible hand". Problem is, if most of these schmucks had a talent for business or economics they wouldn't be in govt.
And if the schmucks in business had any talent they would not need the government to bail them out.
I am no expert in economics, but as I understand it Smith's "invisible hand" is a reference to the claim that a free market works best for society without regulation, and history has proven this is not true.
A government is not supposed to be ran on a profit motive. Instead the opposite is true. the government is supposed to protect society from the damage cause by unregulated capitalism.
