this post was submitted on 26 Jan 2024
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[–] mumblerfish@lemmy.world 63 points 9 months ago

Adam Smith: if you make a profit, others will see it and start a company that will take part of that profit by competing, and so on and so on, util all companies are perfectly streamlined to satisfy demand efficiently.

Neoliberals: so what you are saying is we should avoid competing at all cost? Sure! No efficency! Only profits!