adam smith

"Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience."

Adam Smith's Concept of Justice

The real Adam Smith

"Directors of such companies, being the managers rather of other people's money than of their own, it cannot be expected, that they watch over it with the same anxious vigilance partners in a private copartnery frequently watch over their own.

Negligence and profusion, therefore, must prevail, in the management of affairs of such a company." - Adam Smith

"No society can surely be flourishing and happy, of which the far greater part of the members are miserable."

"Adam Smith conceptualized the invisible hand as the natural inclination of an individual to promote domestic interests.

The phrase has been manipulated to promote the concept of a self regulating market in which the less regulation and restrictions there are, the better all society will be, as industry will naturally benefit all people.

The manipulation of this phrase has taken the notion of the invisible hand away from the actions of individuals and transferred it to promoting non-regulation of economic activities.

That is a far cry from Adam Smith's contention." - Andrew Gavin Marshall

just the way it is

Capitalism: A Ghost Story

A monopoly granted either to an individual or a trading incorporation has the same effect as a secret in trade or manufacturing.

The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.

The price of monopoly is upon every occasion the highest which can be got.

The natural price, or the price of free competition, on the contrary, is the lowest which can be taken, not upon every occasion indeed, but for any considerable time altogether.

The one is upon every occasion the highest which can be squeezed out of the buyer, or which, it is supposed, they will consent to give: The other is the lowest which the sellers can commonly afford to take, and at the same time continue their business.

In a market free from monopolies and self-serving public policies, normal competition among the self-interests of disparate groups of consumers and producers produces a stable expanding economy.

Country gentlemen and farmers are, to their great honor, of all people, the least subject to the wretched spirit of monopoly.

The undertaker of a great manufactory is sometimes alarmed if another manufacturer of the same category is established within twenty miles of him.

The Dutch woollen manufacture at Abbeville stipulated, that no work of the same category should be established within thirty leagues of that city.

Farmers and country gentlemen, on the contrary, are generally disposed rather to promote than to obstruct the cultivation and improvement of their neighbors' farms and estates.

They have no secrets, such as those of the greater part of manufacturers, but are generally rather fond of communicating to their neighbors, and of extending as far as possible any new practice which they have found to be advantageous.

The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another.

Some of those situation may, no doubt, deserve to be preferred to others: but none of them can deserve to be pursued with the passionate ardour which drives us to violate the rules either of prudence or of justice; or to corrupt the future tranquility of our minds, either by shame from the remembrance of our own folly, or by remorse from the horror of our own injustice.

In modern war the great expense of fire arms gives an evident advantage to the nation which can best afford that expense; and consequently, to an opulent and civilized, over a poor and barbarous nation.

In ancient times the opulent and civilized found it difficult to defend themselves against the poor and barbarous nations.

In modern times the poor and barbarous find it difficult to defend themselves against the opulent and civilized.

Such is the delicacy of man alone, that no object is produced to his liking.

He finds that in everything there is need for improvement.

The whole industry of human life is employed not in procuring the supply of our three humble necessities, food, clothes and lodging, but in procuring the conveniences of it according to the nicety and delicacy of our tastes.

Finding nothing either in the animals or vegetables of the newly discovered countries, which could justify a very advantageous representation of them, Columbus turned his view towards their minerals; and in the richness of the production of this third kingdom, he flattered himself, he had found a full compensation for the insignificance of those of the other two.

The little bits of gold with which the inhabitants ornamented their dress, and which, he was informed, they frequently found in the rivulets and torrents that fell from the mountains, were sufficient to satisfy him that those mountains abounded with the richest gold mines.

St. Domingo, therefore, was represented as a country abounding with gold, and, upon that account an inexhaustible source of real wealth to the crown and kingdom of Spain.

Adam Smith

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This website defines a new perspective with which to engage reality to which its author adheres. The author feels that the falsification of reality outside personal experience has forged a populace unable to discern propaganda from reality and that this has been done purposefully by an international corporate cartel through their agents who wish to foist a corrupt version of reality on the human race. Religious intolerance occurs when any group refuses to tolerate religious practices, religious beliefs or persons due to their religious ideology. This web site marks the founding of a system of philosophy named The Truth of the Way of the Lumière Infinie - a rational gnostic mystery religion based on reason which requires no leap of faith, accepts no tithes, has no supreme leader, no church buildings and in which each and every individual is encouraged to develop a personal relation with the Creator and Sustainer through the pursuit of the knowledge of reality in the hope of curing the spiritual corruption that has enveloped the human spirit. The tenets of The Truth of the Way of the Lumière Infinie are spelled out in detail on this web site by the author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

This web site in no way condones violence. To the contrary the intent here is to reduce the violence that is already occurring due to the international corporate cartels desire to control the human race. The international corporate cartel already controls the world economic system, corporate media worldwide, the global industrial military entertainment complex and is responsible for the collapse of morals, the elevation of self-centered behavior and the destruction of global ecosystems. Civilization is based on coöperation. Coöperation does not occur at the point of a gun.

American social mores and values have declined precipitously over the last century as the corrupt international cartel has garnered more and more power. This power rests in the ability to deceive the populace in general through corporate media by pressing emotional buttons which have been preprogrammed into the population through prior corporate media psychological operations. The results have been the destruction of the family and the destruction of social structures that do not adhere to the corrupt international elites vision of a perfect world. Through distraction and coercion the direction of thought of the bulk of the population has been directed toward solutions proposed by the corrupt international elite that further consolidates their power and which further their purposes.

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