2min chapter

The Gray Area with Sean Illing cover image

Revisiting the "father of capitalism"

The Gray Area with Sean Illing

CHAPTER

Is Smith a Libertarian?

I think it's really hard to say whether Smith would be really optimistic or really pessimistic about our current situation, right? How would he look at America in January of 2023? On the one hand, he might say, hey, where are the forms of state capture whereby elite interest groups might be trying to kind of like take control of the economy. But was he optimistic that we could change that? I don't know. That's what put Smith in the gray area as this podcast is called. He also didn't have much faith in politicians to do the right thing.

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