- It hurts the poor
- It’s driven by greed
- It breeds envy
- It caused the Great Recession
- It’s unfair
And he shreds them.
Adam Smith famously and brilliantly said this:
“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. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.”
Another way to look at it: We buy the things we buy NOT because their purveyors are trying to do us a favor, but because they’re trying to earn a buck. The better they are at earning our dollars, the better off everyone is.
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