(January 25, 2022 at 11:08 am)Anomalocaris Wrote:(January 25, 2022 at 4:04 am)Jehanne Wrote: One could, in the same breath, say that there are no more capitalists, at least in the sense of Adam Smith.
there are plenty of capitalists, a large number of them in china and russia. Unlike karl marx and communism, Adam smith never prescribed any system of government under which capitalists is to operate. he only described a economic mechanism which can operate under a large range governmental and societal forms. if there are working capitalists, then there is capitalism.
I am not an expert. I have read both Marx/Engels and Smith; the former advocated an end to child labor and a national income tax, the latter laissez-faire economics, which no longer exists anywhere in today's World. In my opinion, the United States has moved closer to Marxism and away from Smithsonian over time and will continue to do so.
Also, in my opinion, Capitalism will continue to expand until it no longer can, and then our World will either perish or become even more communist.
