Comment on What Happened To Business Prudence?

What Happened To Business Prudence?

More than 200 years ago, Adam Smith determined that economic self-interest advanced the wider commercial good as if led by an invisible hand. Such a self-seeker, he added, "frequently promotes (the interest) of society more effectually than when he really intends to promote it."But what happens when it's government that defines profit opportunities, and a country's culture deprecates commercial self-interest to the point that business leaders who "do good" are praised over those who "make good"?

 

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