National planning and the American myth
Adam Smith published The Wealth of Nations in 1776, the year of USA declares its independence. Over time, the Constitution was framed 11 years later, the founding fathers has been deeply marked by Smith’s ideas, reasons to send a disgust monopoly of trade and government policy in trade.
What most verabscheute Smith was a policy known as mercantilism, which was carried by all major powers of time. It is necessary to keep in mind that Smiths idea of limiting public action was exclusively in connection with trade issues merkantilistischen moderation. Smith is never conducive to tolerance of Commerce of government restraint, whether governments or by other large companies monopolies. Indeed, Smith has approved an activist against the government pays a market failure. A truly free market can not tolerate monopolistic practices. But, of course, unregulated markets drift toward monopolies. In other words, markets, when deregulated. After a decade of deregulation, evidence of market failure is everywhere.
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