Adam Smith was much more critical of capitalism than he is given credit for. For example, Adam Smith was critical of rent seeking and landlords. It would be somewhat accurate to replace Orangutan with Adam Smith in this meme.
Capitalism is based on voluntary exchange. It is defined by the so-called “free market”, which is word for “a situation in which nobody cooperates economically without their own consent”.
And that’s the problem, because everyone is coerced to do that if they want to survive. And those, who own the means of production, the capital, the companies, are those who have the power to exploit those who don’t. And they do.
Adam Smith was much more critical of capitalism than he is given credit for. For example, Adam Smith was critical of rent seeking and landlords. It would be somewhat accurate to replace Orangutan with Adam Smith in this meme.
Yes Capitalism is supposed to be pro-worker/anti-rich
Hence my comment about people still paying to live before adoption of capitalism
Capitalism is pro-worker.
Capitalism is based on voluntary exchange. It is defined by the so-called “free market”, which is word for “a situation in which nobody cooperates economically without their own consent”.
And that’s the problem, because everyone is coerced to do that if they want to survive. And those, who own the means of production, the capital, the companies, are those who have the power to exploit those who don’t. And they do.