Capitalism is not going to host the debate about which of these offerings are to be permitted. That essential debate needs to happen elsewhere in a society. Smith got right the fundamental principle we should apply: “The interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer.” We also need to attend to the interests not only of the producer or the consumer but also of the people (such as slaves or children) and the animals that are used in production but don’t want to be.
