11-14-2023, 05:05 AM
Conspiracy
Adam Smith asserted and supported
his belief that businesspeople will
conspire among themselves at each
occasion when they meet to raise
the prices of their stock in trade.
Legislators since “progressivism” started
seek to act against this tendency
with regulation, accusation,
denunciation and expropriation–
assuming, wrongly, that it’s a bad thing.
Adam Smith asserted and supported
his belief that businesspeople will
conspire among themselves at each
occasion when they meet to raise
the prices of their stock in trade.
Legislators since “progressivism” started
seek to act against this tendency
with regulation, accusation,
denunciation and expropriation–
assuming, wrongly, that it’s a bad thing.
Quote:“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
– An Inquiry into the Nature and Causes of the Wealth of Nations
Non-practicing atheist