A Quote by Margaret Thatcher
Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.
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I will roar argon into chlorine, xenon into fluorine, all the noble gases into reactive ones My lament will terrify even the stars.
Those who see Smith as a defender of capitalism - as it existed in Marx's day, or as it exists today - show above all that they are not living in the real world. They are behaving as though the undeveloped form of capitalism Smith studied is still with us.
As against the "invisible hand" of Adam Smith, there has to be a visible hand of politicians whose objective is to have the kind of society that is caring and humane.
My age I will not once lament, / But sing, my time so near is spent.
That invisible hand of Adam Smith seems to offer an extended middle finger to an awful lot of people.
In our whole life melody the music is broken off here and there by rests, and we foolishly think we have come to the end of time. God sends a time of forced leisure, a time of sickness and disappointed plans, and makes a sudden pause in the hymns of our lives, and we lament that our voice must be silent and our part missing in the music which ever goes up to the ear of our Creator. Not without design does God write the music of our lives. Be it ours to learn the time and not be dismayed at the rests. If we look up, God will beat the time for us.
Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade.
Conservatives may worship Adam Smith's 'invisible hand,' but for Obama, the helping hand comes in large measure from the public, not the private sector. To call this 'socialism' is to do violence to the word and to the concept. To call it 'un-American' is a smear.
When thou hast truly thanked the Lord for every blessing sent, But little time will then remain for murmur or lament.
Since time itself is not movement, it must somehow have to do with movement.Time is initially encountered in those entities which are changeable, change is in time. How is time exhibited in this way of encountering it, namely, as that within which things change? Does it here give itself as itself in what it is? Can an axplacation of time starts here guarantee that time will thereby provide as it were the fundamental phenomena that determine it in its own being?
In this time of recession, it is the time for invention. Did you know both the telephone and the automobile were invented during recessions? So was 'talking dirty.'
Let's take Adam Smith, the patron-saint of capitalism, what did he think? He thought the main human instinct was sympathy. In fact, take a look at the word "invisible hand." Which, of course, you learned about, or you think you've learned about. Take a look at the actual way in which he used the phrase. There is almost no relation to what is claimed.
A little time, and thou shalt close thy eyes; and him who has attended thee to thy grave, another soon will lament.
We lament, too, the destruction of purity among women and young girls as is evidenced by the increasing immodesty of their dress and conversation and by their participation in shameful dances.
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
We don't legislate emergent technologies into existence. We almost never do. They just emerge, dragged forth by Adam Smith's invisible hand. Then we have to see what people are actually going to do with them, and try to legislate to take account of that.
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