Adam Smith’s Invisible Hand vs. Stalin’s Heavy Foot
<p>Ever wonder why I trust the market? It’s a simple question, but it’s one that has been debated by economists and philosophers for centuries.</p>
<p>The market is a complex system, and it’s not perfect. But at its core, it’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’s invisible hand</h2>
<p>It’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’m not just satisfying my own hunger. I’m also helping the baker to earn a living and support his family. And by buying bread from a local bakery, I’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>