4min chapter

The Gray Area with Sean Illing cover image

Revisiting the "father of capitalism"

The Gray Area with Sean Illing

CHAPTER

Did Smith See Wealth as a Corruptive Force?

The idea that the market is some kind of unerring divine force does not seem to be even close to what Smith believed. But it's perhaps a testament to Milton Friedman's brilliance and rhetorical genius that he was able to make that case. "Smith did not see wealth as inherently corrupting"

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