Adam Smith: if you make a profit, others will see it and start a company that will take part of that profit by competing, and so on and so on, util all companies are perfectly streamlined to satisfy demand efficiently.
Neoliberals: so what you are saying is we should avoid competing at all cost? Sure! No efficency! Only profits!
Adam Smith: if you make a profit, others will see it and start a company that will take part of that profit by competing, and so on and so on, util all companies are perfectly streamlined to satisfy demand efficiently.
Neoliberals: so what you are saying is we should avoid competing at all cost? Sure! No efficency! Only profits!