Adam Smith's concerns about corporate corruption and worker exploitation are still relevant today.
Adam Smith's ideas go beyond free market capitalism and include advocating for wealth distribution and recognizing the negative effects of economic inequality.
Deep dives
Apple Card: The Credit Card Created by Apple
Apple Card is a credit card created by Apple that offers unlimited cash back on every purchase up to 3%. Cash back can be used instantly without waiting for rewards. The Wallet app on iPhone allows users to apply for Apple Card and start using it immediately. The card offers daily cash available as an Apple Cash Card or as a statement credit.
Adam Smith and the Celebration of His Legacy in Kirkcaldy
Kirkcaldy, Scotland is preparing to celebrate the 300th anniversary of Adam Smith's birth. The town is restoring the church where he was baptized, and plans are underway for a museum and cultural center dedicated to perpetuating his legacy. John Yule, an actor from Kirkcaldy, has developed a play about Adam Smith and feels the town should do more to celebrate his greatness.
The East India Company and Adam Smith's Perspectives on Corporate Power
Adam Smith had concerns about the East India Company, a powerful trading firm during his time, which he felt had become too big and politically oppressive. Smith wrote about the company mismanaging its rule, and his theories on state capture and the negative impact of monopolies are still relevant today. Smith's concerns about corporate corruption of politics and exploitation of workers resonate with modern critiques of large companies like Amazon and Facebook.
Adam Smith's Legacy and Relevance Today
Adam Smith's ideas are multidimensional and go beyond simply being the founder of free market capitalism. He advocated for a more equal distribution of wealth and recognized the negative effects of economic inequality. Smith's views on taxation, cronyism, and the role of government show that his thinking was nuanced and not purely laissez-faire. His ideas continue to have relevance in today's complex economic and social landscape, prompting ongoing debates and interpretations of his philosophy.
Labor exploitation! Corporate profiteering! Government corruption! The 21st century can look a lot like the 18th. In the final episode of a series, we turn to “the father of economics” for solutions. (Part 3 of “In Search of the Real Adam Smith.”)
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode