Political Quotes

Adam Smith: “When you say leave it to the market, you're saying leave it to the tender mercies of German, Japanese, Korean, Chinese…”

On the recordJanuary 31, 2009
When you say leave it to the market, you're saying leave it to the tender mercies of German, Japanese, Korean, Chinese, Norwegian industrial policy.
Said by
Adam Smith
Democratic · Washington

Editor's note · Context

Smith critiques the idea of relying solely on market forces for technological advancement.

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