Those who cannot remember the past…

…are condemned to repeat it:

The following passage is from The Principle of the Mercantile System, written in 1776 by Adam Smith, who ironically, has become a sort of symbol of the same type of “free market” capitalists who Smith seems to be criticizing here. More striking than any of that, though, is how much this passage so precisely reflects our current situation.

Those who cannot remember the past… Read More »