To quote a comment: Capitalism, when well managed, is the - TopicsExpress

To quote a comment: Capitalism, when well managed, is the greatest social technology ever invented to create prosperity in human societies. But capitalism left unchecked tends toward concentration and collapse. The problem with pure capitalism is that it only works if markets are always efficient. And that is rarely the case; hence the need for effective management of markets. To me, this sounds like what Adam Smith was actually saying when he coined free market, he reiterated the need for market limits and a human-hearted capitalism. At the time, his theory was a great move away from serfdom. Ironic we ended up with a new serfdom...

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