There was thus no reason to believe that the system of individual interests for which Smith stood sponsor was more likely to fit requirements of a new time than one which implied the national regulation of business enterprise.
Laski argues that the individualistic economic model proposed by Smith may not be suitable for contemporary needs.
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More from Harold J. Laski
We grant toleration in one part of the field only to deny it in another.
The only way to deal with novelty is to understand it, and the only way to deal with grievance is to seek a remedy for the complaint it embodies.
We grant it in religion to deny it in politics; we grant it in politics, to deny it in economic matters.
He is able, accordingly, to indulge in the twofold luxury not only of preserving his own authority, but also of assisting the persons attacked to enter, if they so choose, the way of truth.
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