What was Adam Smith's warning about capitalism?

Such unquestioned acceptance of capitalism's benefits entirely ignores warnings given by Adam Smith in his major work, Wealth of Nations (1776). read more

Adam Smith’s warnings against trusting the “merchants” have not been heeded, and the public at large suffers the consequences of such inattentiveness. Exploitation of Workers Smith commented on the fact that industrial capitalism grows primarily through the exploitation of the average worker. read more

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. read more