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John Keynes quote: Capitalism is the astounding belief that the most wickedest of men will do the wickedest of things for the greatest good of everyone! What is this saying about Adam smith invisible hand?

2006-08-17 14:37:38 · 1 answers · asked by shy pie 2 in Politics & Government Other - Politics & Government

1 answers

The same. The commonality of motives of the few ultimately leads to the benefit of the many within the presumption of competition. Sort of a perverse way of looking at thieves ultimately becoming Robin Hoods when there's too much of them. Problem is when that band of few decides to become a cartel that 'they' suddenly becomes 'it'.

2006-08-17 14:46:35 · answer #1 · answered by Bummerang 5 · 1 0

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