Re: Bitcointalk with a socialist instead of an ancap in charge.
I will concede the point, I didn't mean to say that
. What I mean is, it's a starting position, and in terms of the modern world it's more a prediction than an analysis. It doesn't describe the modern world through observation, more through prediction... it's more of an idealised understanding, and the modern world I would say has not developed exactly as anticipated. What I mean is that there are nuances which of course could not have been anticipated. I'm certainly not denying it's important, but it's flawed."trickling down" theory
I appreciate we are coming at this from different angles, but to me, trickle-down is another discredited theory, another imaginary prop used as a moral support to justify selfishness and rapacity.Thank You :-) made me laugh
Here is the thing, if you talk to educated people about the book they will say I'm not getting it---> like "trickle down",
turned into "Trickle Down Economics" in my country decades ago and it ain't pretty and is pretty much what he was concerned about happening
when individuals were replaced with conglomerates and over governance.
Smith is being more spiritual, godley or humanistic than most economist or politiciations will be capable or willing to translate.
Serving our own self interest is an undeniable human trait, I don't think he was overly optimistic to think that we would look out for our fellow man during the pursuit of that on an individual level.
When corporations have the rights of people it becomes rapacious. When governments preserve the rights of corporations over its people it becomes coercion and oppressive.