Sunday, September 23, 2012

Wealth of Nations


I had a very difficult time understanding this reading. The main idea that I got from the reading was Smiths belief that the government is ultimately able to run itself when left with substantial freedom  however, is threatened by monopolies, tax preferences, lobbying groups, and other privileges that are given to some people but not others. I thought this was one of the major points that Smith was trying to make but I honestly don’t think I know enough about politics to be able to say whether or not I agree with this idea of his. It seems as though it makes sense that the government is capable of running itself just by people making money and spending money, keeping things in some sort of regulation but at the same time I don’t think people would be able to keep the government in any sort of order without the other things we have in place today such as laws and higher officials that take charge.

1 comment:

  1. I had a hard time with this reading as well. I don't know enough about politics to argue either way with subjects like this. Its frustrating to form an opinion on something you don't know or understand.

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