by Adam Smith, Author of An Inquiry into the Nature and Causes of the Wealth of Nations
as told to Sum1Else
Thank you, Sum1Else, for all your help. It took a superhuman effort (you can’t even imagine!) but I had to set the record straight. I couldn’t have done it without you, Summy! — Your pal, Adam Smith.
One: Why I insisted on regulation
There’s a book going around, This Changes Everything: Capitalism vs the Climate by Naomi Klein.
According to this Klein person, the so-called “everything” that’s changed – or ought to – is capitalism. She claims “deregulated capitalism” is what’s behind global warming and, to hear her tell it, it’s also behind just about everything else that’s going wrong in the world today.
Here’s what I‘ve got to say about that:
“It’s about freakin’ time!”
About the author:
(1723-1790) was a Scottish philosopher and the author of several books. The most famous was The Wealth of Nations.
Being an 18th-Century author gives him a degree of historical perspective, and his current extreme geographical distance gives him a more complete view of what’s happening here than most of us enjoy. Being dead, however, is a disadvantage that requires him to speak to us through Sum1Else.
And, I’d like to add, American-style deregulated capitalism is the worst kind. With every round of deregulation, you everyday working-class Americans get tromped on even harder. How do you respond? It’s like you all get together and holler, “Tromp harder! More deregulation!”Read more