---
title: "Meaning & Key Takeaway of: It was not for nothing that Adam Smith…"
description: "\"“It was not for nothing that Adam Smith wrote that “people of the same trade seldom meet together, even for merriment and diversion, but the conversati..."
image: "https://sms4smile.com/quotes/i/f4c/kevin-d-williamson-22899_big-business_it-was-not-for-nothing-that-adam-smith-w_2032409.jpg"
---

#  It was not for nothing that Adam Smith wrote that “people…

![“It was not for nothing that Adam Smith wrote that “people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” The romantic notion of politics holds that Big Business is…” quote by Kevin D. Williamson](https://sms4smile.com/quotes/i/f4c/kevin-d-williamson-22899_big-business_it-was-not-for-nothing-that-adam-smith-w_2032409.jpg)   [Download](https://sms4smile.com/quotes/i/f4c/kevin-d-williamson-22899_big-business_it-was-not-for-nothing-that-adam-smith-w_2032409.jpg) [Open image](https://sms4smile.com/quotes/i/f4c/kevin-d-williamson-22899_big-business_it-was-not-for-nothing-that-adam-smith-w_2032409.jpg)

> ““It was not for nothing that Adam Smith wrote that “people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” The romantic notion of politics holds that Big Business is synonymous with capitalism and the archenemy of socialism. In fact, Big Business is reliably against most of what must go into any modern definition of capitalism: free trade, free enterprise, free markets, and the impartial rule of law. Big Business reliably seeks to use the state to seek advantages in trade and to crush smaller (and often more innovative) competitors.””

[Kevin D. Williamson](https://sms4smile.com/quotes/author/kevin-d-williamson/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Big Business manipulates state power to gain advantage, contradicting free‑market principles and undermining true capitalism.

**In simple terms:** Big Business uses government to dominate, harming free markets.

Key Takeaway

Limit corporate influence on policy.

Themes

economics politics corporate power capitalism

Mood

critical analytical skeptical

Type

opinion expository political

When to use this quote

- policy debates
- antitrust discussions
- business strategy
- public advocacy

Key Concepts

regulation state capture market distortion

Questions to Reflect On

- How can genuine competition be protected?
- What reforms reduce corporate capture?

A Different Perspective

Free‑market advocates may underestimate the complexity of corporate‑state relationships.

★ ★ ★ ★ ★   No ratings yet

[Big business](https://sms4smile.com/quotes/about/big-business/) [Business](https://sms4smile.com/quotes/about/business/) [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Communication](https://sms4smile.com/quotes/about/communication/) [Economics](https://sms4smile.com/quotes/about/economics/) [Free enterprise](https://sms4smile.com/quotes/about/free-enterprise/) [Free trade](https://sms4smile.com/quotes/about/free-trade/) [Rule of law](https://sms4smile.com/quotes/about/rule-of-law/)

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