{"id":373,"date":"2011-08-08T21:18:00","date_gmt":"2011-08-09T01:18:00","guid":{"rendered":"http:\/\/blog.cmhughesmd.com\/?p=373"},"modified":"2011-08-08T21:18:00","modified_gmt":"2011-08-09T01:18:00","slug":"what-republicans-get-wrong-about-capitalism-great-recession-economic-recession-economic-crisis-salon-com","status":"publish","type":"post","link":"http:\/\/blog.cmhughesmd.com\/?p=373","title":{"rendered":"What Republicans get wrong about capitalism &#8211; Great Recession | Economic Recession, Economic Crisis &#8211; Salon.com"},"content":{"rendered":"<p><a href=\"http:\/\/www.salon.com\/news\/great_recession\/index.html?story=\/politics\/war_room\/2011\/08\/08\/adam_smith_tea_party\">What Republicans get wrong about capitalism &#8211; Great Recession | Economic Recession, Economic Crisis &#8211; Salon.com<\/a>: &#8220;Smith would be highly skeptical of such claims. In the final edition of the &#8216;Theory of Moral Sentiments,&#8217; written over a decade after &#8216;The Wealth of Nations,&#8217; he added a chapter in which he describes the &#8216;disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition.&#8217; This disposition, Smith says, colors the way we view the world, leading us to conflate wealth and greatness with virtue and poverty and weakness with vice.<\/p>\n<p>It also leads to confusion in thought. Who makes capitalism work? is a very different question from For whom has capitalism worked best? We should guard against presuming the answers are necessarily one and the same.<\/p>\n<p>&#8211; Sent using Google Toolbar&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Republicans get wrong about capitalism &#8211; Great Recession | Economic Recession, Economic Crisis &#8211; Salon.com: &#8220;Smith would be highly skeptical of such claims. In the final edition of the &hellip; <a href=\"http:\/\/blog.cmhughesmd.com\/?p=373\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What Republicans get wrong about capitalism &#8211; Great Recession | Economic Recession, Economic Crisis &#8211; Salon.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-373","post","type-post","status-publish","format-standard","hentry","category-contrarian-economics"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts\/373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=373"}],"version-history":[{"count":0,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts\/373\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=373"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}