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Entries in Kyle Westaway (1)

Adam Smith Was Not Schizophrenic

This post by our friend Kyle Westaway appeared a while back at Harvard Business Review. We think it's still a damn fine post, so we're sharing it again here.

The Occupy movement — as well as The Tea Party — are both "mad as hell" about the current state of affairs. Both sides share a general dissatisfaction with our current capitalist system. The left wants to end capitalism. The right says if we could just get the government out of the way, then the capitalist system would work.

I think both groups' conception of capitalism is off the mark. To gain some clarity, we need to consult Adam Smith.

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