The "Father of Capitalism," Adam Smith, wrote a philosophy book during the Enlightenment Period. No, not Everybody Poops...the other one.
Smith expressed the view that people feel good helping others, which somehow justifies the "invisible hand" so intrinsic to the workings of capitalism.
Competition of supply and demand, driven by self-interest, allocates resources to where they are most wanted and valued. In a bread and gluten-loving country, such as we are, entrepreneurs buy the resources needed to make the best bread to sell at the best price. If a bread maker makes bad bread, no one will buy it, and the bad bread maker will go out of business.
This market regulates itself, and the people who want the bread will work to earn money to buy it. So, everyone benefits. Even the poor, who will be given charity since it makes people feel good.
Perhaps the Enlightenment Thinkers, including Adam Smith, didn't quite have human nature pinned down.
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Finance: What are Capital Markets?7 Views
Finance a la shmoop what are capital markets? well you've heard of the great [Planet earth appears]
markets of the world the Silk Road market, the Arab markets, the stockade
markets well the same thing exists for money or
capital, investment capital what is investment capital yeah stocks
bonds derivatives above stocks and bonds like putting call options commodities
like coins and water rights and oil oh and Bitcoin don't forget Bitcoin and
yeah CME trades it now well all of those are
fruits in our little fifty trillion dollar global capital market system the [Fruits appear on global capital market system stall]
actual daily pricing intelligence that comes from capital being traded back and
forth yep money is bought and sold like used
cars that never die zombie cars that's what comprises our global capital
market system and just as in other markets well you always have to watch [Women stood by a store desk]
out for couponers
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