Adam Smith

Latest Posts in Adam Smith

A Rational View of Capitalism vs Socialism in America & History

President Donald Trump declared that America will never be socialist. He’s beating up a strawman, since there has never been a fully socialist country. That’s because, throughout history, every country, whether it considers itself socialist or capitalist, engages in capitalism to some degree, which is essentially the existence of a marketplace, where goods, services, information, and labor are exchanged. 


Shareholder Capitalism vs. Stakeholder Capitalism

Shareholder Capitalism vs. Stakeholder Capitalism: two radically different models of capitalism are locked in an historic debate over the future course – and the soul – of liberal societies.  We all have a stake in the outcome. 


Donald Trump and the Law of Unintended Consequences

Donald Trump and the Law of Unintended Consequences --This president provides a notable example of what seems to be a law of nature.


Capitalism and Democracy: Can This Marriage Be Saved?

Capitalism and Democracy:  Can This Marriage Be Saved? It’s an odd-couple, with deeply conflicting social values.  Though they have been living together for many centuries, the strains are increasing; their relationship may now be in jeopardy.


Capitalism and the Collective Survival Enterprise

In his famous book, The Great Transformation(1944), the political economist/ anthropologist/sociologist Karl Polanyi produced a classic critique of the classic liberal (conservative) ideal of free market capitalism that still resonates today.