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The Ends of Monopoly?

In: Adam Smith’s Lost Legacy

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  • Gavin Kennedy

Abstract

Those claiming the authority of Smith in support of laissez faire, aligned a man of high moral reputation in the 18th century to a reactionary obstruction of modest reforms to the appalling practices of 19th-century owners of the ‘dark satanic mills’, who, with legal impunity, arrogantly enforced upon working men, women and children, shameful injury and injustice in pursuit of their self interests. The proselytisers for laissez faire for themselves, clamoured indecently to prevent their victims applying the same right of laissez faire when they struggled to resist by brave, but pathetic, combinations against the worst exhibitions of the vileness of their ‘betters’. The word ‘goose’, but not ‘gander’, springs to mind.

Suggested Citation

  • Gavin Kennedy, 2005. "The Ends of Monopoly?," Palgrave Macmillan Books, in: Adam Smith’s Lost Legacy, chapter 40, pages 169-170, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51119-4_40
    DOI: 10.1057/9780230511194_40
    as

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