Imagine No Drachma...

“the charter which secures this freedom in England, was formed, not in the senate, but in the field; and insisted on by the people, not granted by the crown.”

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So saith Master Paine:

Neither bend, bind nor bound the will of the people.
 
I do no see why any of this should be or as has been made out to be any more complicated than it is...

As a general matter, it would be true to the spirit of Moral Sentiments to say that owners of businesses should attune their conduct to the good opinion of mankind. But note that I say “owners”, not managers. Who knows what Smith would have thought of 21st century corporate governance? The modern corporation is a form he could barely have envisaged.

-Crook

“Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company,”

-Smith

Funny how everybody, all of the sudden, understands how commodities work as soon as their own ass is on the production line...

 
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