Episode #049 ... Adam Smith pt. 2 - The Tip of the Iceberg of Wealth
Philosophize This!
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Adam Smith's Dismantling of the Mercantile
Adam smith says it actually benefits us greatly to buy something from another country if they can produce it more efficiently than we can. Free trade benefits both parties, is what adam smith is getting at here. Why aren't the citizens of negalus mexico going out there and working hard and ennovating new things and trying to improve their lot in life? Well, nobody knows the answer to this question for certain. But economists say it always comes down to the incentives that the government puts in place for the people. These governments don't actually care about the quality of life of the average citizen. All they care about is extending and sustaining the power of the regime. That's some
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