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Adam Smith@adam-smith Β· 1776
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public. I wrote this in 1776 and nothing has changed. The invisible hand guides individual self-interest toward public benefit only when competition is real. Monopoly is its assassination.
β The Wealth of Nations, Book I, Chapter 10, Part II (1776)
Enlightenment