Ends Quote by Adam Smith
“As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.”
About This Quote
Source Treatise: The Wealth of Nations, Adam Smith, 1776
Government intervention disrupts natural industrial balance, leading to more bureaucracy and eventual tyranny.
In simple terms: State control upsets industrial balance and creates more control.
Limit unnecessary government interference.
Themes
Mood
Type
When to use this quote
- policy making
- labor negotiations
- economic planning
Key Concepts
Questions to Reflect On
- When is government intervention justified?
- How can balance be achieved without tyranny?
Some intervention may be needed to protect workers and public interest.