reply to post by poet1b
If you need Adam Smith Quotes that support my claims then here! Of course, it is still better that you read the entirety of A Wealth of Nations for
yourself, which it is perfectly clear that you have not. You may pretend that it was your intent to illustrate how I had misrepresented Smith by you
yourself then posting the link to Korten's piece, but had you actually read A Wealth of Nations you would know I have not misrepresented his ideas or
Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct. The whole, or almost the whole public
revenue, is in most countries employed in maintaining unproductive hands... Such people, as they them-selves produce nothing, are all maintained by
the produce of other men's labour... Those unproductive hands, who should be maintained by a part only of the spare revenue of the people, may
consume so great a share of their whole revenue, and thereby oblige so great a number to encroach upon their capitals, upon the funds destined for the
maintenance of productive labour, that all the frugality and good conduct of individuals may not be able to compensate the waste and degradation of
produce occasioned by this violent and forced encroachment.
The Wealth of Nations, Book II, Chapter III
The natural effort of every individual to better his own condition ... is so powerful, that it is alone, and without any assistance, not only capable
of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too
often encumbers its operations.
The Wealth of Nations Book IV Chapter V Section IV
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in
some contrivance to raise prices. It is im-possible indeed to prevent such meetings, by any law which either could be executed, or would be consistent
with liberty and jus-tice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to
facilitate such assemblies; much less to render them necessary...A regulation which obliges all those of the same trade in a particular town to enter
their names and places of abode in a public register, facilitates such assemblies...A regulation which enables those of the same trade to tax
themselves in order to provide for their poor, their sick, their widows, and orphans, by giving them a common interest to manage, renders such
assemblies necessary...An incorporation not only renders them necessary, but makes the act of the majority binding upon the whole.
The Wealth of Nations, Book I, Chapter X
Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniencies, and amusements of human life. But
after the division of labour has once thoroughly taken place, it is but a very small part of these with which a man's own labour can supply him. The
far greater part of them he must derive from the labour of other people, and he must be rich or poor according to the quantity of that labour which he
can command, or which he can afford to purchase. The value of any commodity, therefore, to the person who possesses it, and who means not to use or
consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour,
therefore, is the real measure of the exchangeable value of all commodities. The real price of every thing, what every thing really costs to the man
who wants to acquire it, is the toil and trouble of acquiring it.
The Wealth of Nations, Book I Chapter V
I could go on quoting Smith ad nauseam but being honest it wouldn't satisfy you...if you're capable of being honest. In the next post....