POLITICAL THEORY - Adam Smith

Adam Smith was no uncritical apologist for capitalism: he wanted to understand how capitalism could be both fruitful and good.

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CREDITS

Produced in collaboration with Mike Booth

[GrumpyOldMan]

0:50 specialisation
2:30 consumer capitalism
4:00 how to treat the rich (they want appreciation)
4:59 educate the quality of consumer demand

[RAMUNEsweet]

I just finished reading Smith's Theory of Moral Sentiments and was surprised at how human and well-meaning he seemed. I wished that more people knew about the kind intentions behind his thinking; instead, it seems that a lot of people have misunderstood his economics theories as rather cold, and "self interest" as mere "selfishness".  I was so happy to see this video give his work more justice in this light!

[TheEnfadel]

These Philosophy videos are f***ing blowing my mind. I love them.

[Paches-]

Narrator: “...the radical left-wing answer was, then and now...”
Me: “guillotine”
Narrator: “raise taxes”
Me: “taxes, yes of course”

[AliceDourountaki]

ok this is one of the best channels of youtube and i ' m so happy i found it!

[JP-wxuh]

Good presentation. I think it's also fair to say that Adam Smith was indeed very critical of capitalism. In his book "Wealth of Nations" he refers to the capitalists' mentality (like the elites have always thought throughout history)... " All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind. "

[josephstalin]

It's a shame he has the most generic name possible

[Diego-ystv]

I had no idea about these ideas proposed by Smith, I only looked at him as the main face of our current capitalist systems, and as a leftist, I thought he was "the enemy" and Marx "the hero" in a sense, now that I've seen your videos about them both, I understand that that's not necessarily the case, both intellectuals share ideas of great value, we have to use these ideas to create a better system for everyone. Thanks for opening my mind a little more, that's why I love this channel so much!
Peace!

[TheRealSandorClegane]

none of this is taught in high school.... why?

[LexTorres]

How isn't this man on a dollar bill, it would make perfect sense and he deserves it at the very least.

[bitworld]

Adam Smith was a man brilliant man, truly ahead of his time

[ello_ello_]

This is the best treatment on Adam Smith I have ever heard and the rest of the videos are of similar quality. Thank you for these publications and your service.

[vancouverhoustons]

I'm very grateful to this channel. how revealing that in US economics courses, we were taught only that Smith subscribed to unfettered corporate activity, and any restrictions placed upon them might upset the economy. Glad yo learn Smiths philosophy was do much richer.

[ibodhidogma]

Thank you for this. It certainly challenged my simplistic idea of Smith as a blind,  free market materialist.

[debadiptobiswas]

"Capitalism can be saved by elevating the quality of consumer demand" - The missing piece in the puzzle

[j.c.sgamer]

0:54 I. Specialisation
2:34 II. Consumer capitalism
4:04 III. How to treat the rich
5:08 IV. Educate consumers

[xthewhiteponyx]

I can't tell you how thankful I am to have stumbled onto this video (and the channel for that matter) because I have been trying to tell people this for so long, and everyone either looks at me like I've got several heads or just outright dismisses the idea that Adam Smith's version of capitalism isn't about endless accumulation and trampling on everyone at the bottom. But I guess that tends to happen when everyone reads Marx and no one reads Smith. Keep up the good work!

[mrsimoncote]

Capitalism without an educated consumer is auto-destructive.

[schmidteymcqueen]

I've never seen Adam Smith's ideas being taught in a class

[joaquinrequena]

Top notch exposition. Such clarity and ease of communication. It satisfies me so much!