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this post was submitted on 31 Aug 2025
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Smith's main goal with capitalism was to create a system to distribute the wealth of the nation to the people of the nation to the betterment of all. In his time feudal lords sat in their huge estates, hoarding wealth and waged pointless war to the detriment of everyone else. Capitalism was a radically left wing ideology for its time.
I don't disagree with that. He, like other great minds, had to work with the knowledge and methods available to him in his time. It is our task to stand upon his shoulders and see further, otherwise his efforts would have been wasted.