Adam Smith on narrowing competition Adam Smith's name is often brought up as the champion of free-market capitalism. But he foresaw the perils of excessive concentration and urged legislators to consider carefully any change in laws pushed by the class of stock owners and dealers. Here's a passage from Chapter IX of The Wealth of… Continue reading
Adam Smith on narrowing competition
Adam Smith's name is often brought up as the champion of free-market
capitalism. But he foresaw the perils of excessive concentration and
urged legislators to consider carefully any change in laws pushed by
the class of stock owners and dealers. Here's a passage from Chapter IX
of The Wealth of Nations