Western economists love to selectively quote Adam Smith's The Wealth of Nations, but conveniently ignore the lengthy chapter he wrote on how colonialism was central in the creation of capitalism.

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml · 6 months ago

Western economists love to selectively quote Adam Smith's The Wealth of Nations, but conveniently ignore the lengthy chapter he wrote on how colonialism was central in the creation of capitalism.

context [fae/faer, fae/faer] · 6 months ago

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.