I found this message written on one side of an advertising light box in the city center of Buenos Aires. This picture is rich in both, high contrast and expressiveness. The Scot Adam Smith (*1723 in Kirkcaldy, †1790 in Edinburgh) believed that rational self interest or egoism as the motive of our actions leads to wealth and prosperity. Thus, he is often referred to as one of the fathers of capitalism, although he never used that term himself. In fact, capitalism is the domination of capital over people, which is just confused with free market economy. Unbridled capitalism, in contrast, makes a few rich and many poor. Argentina is one of the best examples to illustrate that. Adam Smith already pointed out, "No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable" (The Wealth of Nations, 1776, Book I Chapter VIII).
What are your thoughts?
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