ILikeBoobies,

So did private ownership

That wasn’t what Capitalism was about

In the wealth of nations Smith talks great lengths about the labourer being king of the market not the landowners and that with advancement in technology costs should go down except land owners prevent that

The whole system is supposed to favour the labourer compared to Mercantilism where the rich got richer because they owned the production

It also praised the American colonies for open immigration saying they could double their population faster than anyone in Europe and that would double their economy

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