Thursday, October 09, 2008

Choose your gospel wisely; times change

Adam Smith wrote about prosperity in his time, and now some have taken his writings as gospel for all times. Karl Marx wrote about poverty in his time, and some took his writings as gospel for all times.

Adam Smith wrote about many small businesses competing for customers, and then came conglomerates that were near monopolies. Karl Mark wrote about the conglomerates exploiting workers, and then came unions to bring prosperity to many workers in the conglomerates.