I can almost hear Smith’s voice, which I imagine with a tinge of a Scottish accent, lamenting that after 2008, and in the name of saving capitalism, central banks snuffed out capitalism’s dynamism and advantage. I can imagine his dismay that harmful, quasi-feudal rent got a chance to exact a historic revenge on fruitful capitalist profit, with profit-seeking consigned to the aspirant petty bourgeois while the truly rich gleefully whisper to one another that profit is for losers.
