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this post was submitted on 30 Jan 2026
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I think you're conflating liberalism with capitalism, which isn't really accurate.
Capitalism can exist without liberalism, and this does lead into fascism, but that's still capitalism.
No, I'm literally giving examples of how Adam Smith defined the foundations of capitalism, which both liberals and so-called conservatives normally favor as their preferred economic theory, and how these foundations contrast with a different philosophy favored by different people.
Anyway, I'm done beating a dead horse here.
Adam Smith didn't invent capitalism. It's not a philosophy, it was an economic system that emerged from certain material relations. Liberalism, and fascism, are just two of the ideological frameworks that can reproduce capitalism's material base and both of which emerge from the material base of capitalism.
Ah, I see, I guess we don't have to consider what liberals think and how they view the world, because after all we possess the objective truth and their opinions don't matter.
We don't have to consider capitalism to have some kind of doctrine Orthodoxy, as if Adam Smith was a prophet and that deviations from liberalism aren't capitalist. It's still capitalism even if it isn't what Adam Smith envisioned.
Billionaires believe in capitalism, even if they don't believe in liberalism.