Sunday, July 30, 2017

ADAM SMITH WAS INNOCENT!

Adrija Ghosh from Calcutta, India, an English Honours student at LSR, Delhi University, posts (25 July) in Atwood Magazine:
“JUSTIN BIEBER, POPULAR CULTURE, AND CAPITALISM”
All of us have let Capitalism trick us into believing in the invisible hand. Well, Adam Smith was wrong. [The Author refers readers to the STANFORD ENCLYOPEDIA OF PHILOSOPHY HERE https://plato.stanford.edu/entries/smith-moral-political/ for an entry entitled: ‘Adam Smith's Moral and Political Philosophy’, reproduced as an essay within the article.] …
Unless we look beyond ourselves and our individual contributions, bubbles, we cannot improve ourselves as a community or as a culture.

It is our popular culture. If we want something more from it, we need to make it more accommodating of all kinds of narratives and languages, the unheard and oppressed more than others. … Popular Culture exists because of Capitalism. You follow the contemporary trends, and it becomes a part of your consumption and your social context. One singer isn’t the representative of the entire popular culture, but all of our perspectives, lifestyle, and desires, are.”
COMMENT
ADAM SMITH WAS INNOCENT!
He tricked nobody. The culprits were 20th-century intellectual miscreants, including Paul Samuelson and Milton Friedman.

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