BEWARE SELF-SERVING NOSTRUMS SPREAD BY THE IGNORANT
Wazambon writes (23 June) HERE: http://boards.fool.com/quotin-fact-i-believe-that-the-theory-of-31299837.aspx
“The Motley Fool” (‘to Educate, Amuse, & Enrich).
"In fact, I believe that the theory of natural selection should be viewed as an extended analogy – whether conscious or unconscious on Darwin’s part I do not know – to the laissez faire economics of Adam Smith"
That was exactly the argument made during the Gilded Age to justify the exploitation of workers by the rich. It was nature's way, after all... survival of the fittest.”
Adam Smith did not mention the words ‘laissez-faire’ at all. It was not part of his moral philosophy nor of his political economy.
His epigones attributed ‘laissez-faire’ to Smith in the 19th century and still do so today, and it was popularised for political reasons by political agitators on behalf of Mill and Mine owners, often for causes that Smith was unlikely to have supported.
Smith believed in Natural Liberty for all, and not just for the employers and government legislators.
Also Charles Darwin's theories of evolution are not best summarised as "survival of the fittest", including its implications for racial interpretations of the "fittest" and the lessons of human history.