66. Adam Smith Part 5, The Wealth of Nations continued

You can send a text, include contact info to get a response. How does opulence among nations arise? Smith describes a Newtonian system of non violent market competition operating through the price mechanism which can generate a life for the working poor that is many steps up from the usual run of human misery that everywhere else prevails. That process also leads to a peaceful idyllic countryside, as a surprising outcome. This episode goes into how market competition is a...