Good Afternoon OCU!
The Wealth of Nations has had a better run than Das Kapital. Adam Smith worked for a living. Marx mooched off Engels.
Who is to account for these ornery socialist Jews from London anyway?
Sadly in Economics 101 they made us read Smith and Marx and Samuelson.
Far too much for an 18 year old to process in one semester.
I do know that since Deng a billion people in Asia are entering the middle class. And blogging about freedom and the rights of man. Capitalism and democracy work well together, so far.
From Marx they institutionalized squalor and totalitarianism.
Who knows how human capital will be utilized into the future? And who knows how free people will decide democratically how to help those among us living in need and distress?
Today in a system that no longer shares the bounty of abundance equitably within the population, we are going to an ever more stratified place; sure to be unfriendly.
Later on in college I was exposed to John Stuart Mill and found the utilitarian idea of "the maximum good for the most people" to be a seemingly obvious standard of conduct for a civilized man.
The hungry should be fed. The homeless sheltered.
The sick tended to.
Government most responsive to the needs of the general population works best and endures.
I hope that the human capacity for ever more efficient production will ultimately enhance the quality of life for the entire human race. Adam Smith and I agree on that.
That of course is utopian, unless proven otherwise.
Between utopian, Unitarian, and utilitarian I dropped all pretense about knowing what was going on.
Which is why I vote Democratic.
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