Adam Smith’s Invisible Hand vs. Stalin’s Heavy Foot

<p>Ever wonder why I trust the market? It&rsquo;s a simple question, but it&rsquo;s one that has been debated by economists and philosophers for centuries.</p> <p>The market is a complex system, and it&rsquo;s not perfect. But at its core, it&rsquo;s based on a simple principle: voluntary exchange. People trade with each other because they believe they will both be better off as a result.</p> <h2>This principle is known as Adam Smith&rsquo;s invisible hand</h2> <p>It&rsquo;s the idea that when individuals pursue their own self-interest, they also promote the good of society as a whole.</p> <p>For example, when I buy a loaf of bread from the bakery, I&rsquo;m not just satisfying my own hunger. I&rsquo;m also helping the baker to earn a living and support his family. And by buying bread from a local bakery, I&rsquo;m also helping to keep the local economy strong.</p> <p>The invisible hand is not a guarantee of prosperity or happiness for everyone. But it is a powerful force that can help to create wealth and opportunity for all.</p> <p><a href="https://medium.com/@pareto_investor/adam-smiths-invisible-hand-vs-stalin-s-heavy-foot-8f6486cf5f21"><strong>Learn More</strong></a></p>
Tags: Adam Hand