The effect of capitalism is to steer human selfishness so…
“The effect of capitalism is to steer human selfishness so that, through the invisible hand of competition, the energies of the capitalist produce the abundance from which the whole society benefits.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Competition channels selfish motives into productive outcomes that benefit society.
In simple terms: Competition turns selfishness into abundance.
Key Takeaway
Encourage fair competition for societal gain.
Themes
economics
ethics
society
Mood
critical
analytical
Type
economic
philosophical
When to use this quote
- business strategy
- policy making
- entrepreneurship
Key Concepts
invisible hand
market dynamics
public good
Questions to Reflect On
- When does competition harm the vulnerable?
- How to ensure equitable outcomes?
A Different Perspective
Assumes markets are always fair.