adam smith

8Adam Smith wrote that commerce in Europe, but more specifically Great Britain, went from a system where the producers changed to adapt to what the consumers needed, to a system where the producers would try their hardest to corner the market, and in that, would leave the consumers with a mediocre product. In response to tightened importation laws, he wrote that a strong foreign trade system would be the only way to provide good products …

…can see that commerce is a very warped business. If you go to a store now, you will find products that have been made in the absolute worst conditions, by people who get an outrageously small amount of money, and with materials that are the cheapest you can find. Is any of this to benefit the consumer? No, because the prices are still high, it is only so that the producer can make more money.