Capitalism After the Robbery: Adam Smith, the Wealth of Nations, and the Clean Alibi of Bourgeois Political Economy

Adam Smith’s The Wealth of Nations is a twisted tale masquerading as a free-market manifesto, one that defies the naive faith bestowed upon it by neoliberals. It exposes capitalism's fundamental contradictions, revealing how labor produces wealth while class divides it unjustly. Smith acknowledges the state's crucial role in maintaining this order, contradicting the myth of an autonomous market. He scrutinizes colonialism and monopoly yet ultimately upholds capitalist structures. Historical materialism challenges his framework, demanding accountability from the beneficiaries of this exploitation. As we dissect Smith's insights, we unearth his omissions, seeking a world where labor governs—transforming capitalism's alibi into an indictment of its foundation.

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