Adam Smith indicts Bernie Sanders, Bidenomics from the grave

Some men's thoughts are so profound that they stand the test of time by a century or 2. That's certainly the case with Adam Smith, the man who wrote immortal classics as "The Wealth of Nations" and "The Theory of Moral Sentiments." Smith's books caught the attention of a young American named Ben Franklin. The Wealth of Nations was published in 1776. The Theory of Moral Sentiments was published in 1759.

When the colonies declared their independence from the British, they sought a new nation that featured the nation that Adam Smith had described in his 2 most famous books. When this op-ed was written, it noted that "When 'The Wealth of Nations' was published, capitalism was in its infancy. At the time, 90% of the global population lived in extreme poverty. And poverty meant something different back then: It is estimated that about 20% of the inhabitants of England and France weren’t able to work at all due to malnutrition. At most they had enough energy for a few hours of slow walking a day, which condemned most of them to a life of begging."

Here is Smith's indictment of Bernie Sanders and Bidenomics:

Man is generally considered by statesmen and projectors as the materials of a sort of political mechanics. Projectors disturb nature in the course of her operations in human affairs; and it requires no more than to let her alone, and give her fair play in the pursuit of her ends, that she may establish her own designs. . . . All governments which thwart this natural course, which force things into another channel, or which endeavour to arrest the progress of society at a particular point, are unnatural, and to support themselves are obliged to be oppressive and tyrannical.

Socialism is a system that bets against human nature. Obamacare tried forcing people to buy a product that they didn't want to the extent that they wrote the bill to include an individual mandate. Even then, people refused to buy the Obamacare product. That's the opposite of Adam Smith's Invisible Hand Theory. Investopedia defines Smith's Invisible Hand this way:

• The invisible hand is a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence.
• This interdependence incentivizes producers to make what is socially necessary, even though they may care only about their own well-being.
• Each free exchange creates signals about which goods and services are valuable and how difficult they are to bring to market.

For instance, Obamacare didn't rely on "self-interested individuals." It relied on central planners telling self-interested individuals what they had to buy. I watched several different videos breaking down Smith's Invisible Hand Theory. Here's the best I found:

Let's end with these words of wisdom:

Smith showed the world how to overcome poverty. He didn’t leave much to his nephew, but his great legacy is showing the world that only economic growth can lift people out of poverty, and that the most important condition for that is economic freedom.

Amen to that. To hell with Bernie 'the Grump' Sanders and Joe Biden.