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How he thought of them
"They are not the leaders of humanity and they shouldn't be."
"Their conversation end up in them betraying consuming public or price-fixing.
In 1776, a book was published in Britain.
At that time when the government controlled economic policies, the book insisted,
"Leave the market alone."
The author of the book,
Adam Smith, who was well-known as a moral philosopher.
The title of the book "The Wealth of Nations"
"The Wealth of Nations" focused on
the results of pursuing self-interests.
"It is not from the benevolence of the butcher, the brewer, or the baker
that we expect our dinner, but from their regard to their own interest."
And
the invisible hand
"Individuals pursuing self-interests, led by an invisible hand,
promote an end(social benefit), which was no part of their intention."
Adam Smith regarded increasing the wealth of a society as freedom.
However, there are limits to freedom.
"The freedom exercised by some individuals,
which threatens social stability, must be limited by government laws.
The society where most of its members are poor and miserable cannot prosper."
Some years after the book was published,
"The Wealth of Nations" was quoted widely.
However, not every idea of Adam Smith was quoted.
"The Wealth of Nations" was often used to oppose humanitarian legislations."
- Robert L. Heilbroner, an economist
The emerging capitalist class supported "The Wealth of Nations."
They insisted that every government law interfered in the freedom of the market.
Even the law banning the practice of tying children to machines.
And
"The Wealth of Nations" Book I, Chapter 11
"We should be vigilant about any commercial legislations or regulations
suggested by this class.
We should review the suggestions carefully before adopting them."
"Because their interests are not always the same as those of the public.
And sometimes deceiving and suppressing the society serve their interests."
This was how Adam Smith thought of those who supported "The Wealth of Nations."
This was how Adam Smith thought of the emerging capitalist class
who supported "The Wealth of Nations."