Labour Affairs has come across remarks coming from the left putting forward Adam Smith as admirable in some ways. I don't think we can bring ourselves to reproduce the original remarks. Adam Smith is an early champion of the worst aspects of capitalism: alienated work (the pin maker who makes one part of the pin … Continue reading Adam Smith Champion of Hard Core Capitalism
Adam Smith
Markets and Socialism
Dave Gardner Markets as social institutions constrained both by custom and law. Markets have always been a tricky subject for socialists. Capitalists favour a market in labour where, in theory for a wage in return for labour power, capitalists and workers meet as equals to negotiate mutually advantageous arrangements. Any attempts at conscious co-ordination, either … Continue reading Markets and Socialism
An Open Letter to Jeremy Corbyn
Gwydion M. Williams (The photo shows Islington Town Hall) I began this letter to urge you to stand in your current seat. I’ve now updated it to give reasons why you were right. On the issue of left-wingers standing against top-down-chosen Labour candidates: there is no danger of letting in a Tory or Liberal Democrat in … Continue reading An Open Letter to Jeremy Corbyn
Adam Smith the Mythmaker
By Gwydion M. Williams Smith as Enemy of the New USA Wedderburn, Smith’s Overlooked Friend Pins and Watches Post-Leninism Smith’s False Hopes A Nation Not Ruled by Shopkeepers Back in the year 2000, I wrote a book called Adam Smith: Wealth Without Nations. Athol Books published it, and we launched it at the Labour Party conference and … Continue reading Adam Smith the Mythmaker
