Adam Smith stands to speak as the ship rocks with the waves.
“The creation of wealth is what matters. If an industrious businessman wants to use available resources to create goods which he can then sell in the market he should be applauded for producing something of value. No one should be allowed to stifle industry.”
“But how can you not see what harm you are causing? By promoting this naked greed you endanger us all. Every day the planks of our ship grow thinner. And for what? So that some baron can collect more of our coin?”
“Tecumseh, you are a simple minded savage. The items for sale in the market today: toothpicks, wooden spoons, hair combs, if they didn’t have more value in that form then nobody would pay for them. The planks, the mast, and the deck boards of the ship must all have less value than the products made from them. The market has decided it is so.”
“This market is destroying the very foundation of our life. Even now the water is knee high in the bilge and rising faster than we can bail it out. We lived in harmony with the ship for years. But ever since you established the market your ‘businessmen’ have been tearing the ship apart. How can we continue to live if the ship is sinking?”
A loud crack as one of the spars snaps sending splinters raining down on the deck. Several well dressed passengers scramble to collect the pieces.
“You see, Tecumseh, even on a collapsing ship there is opportunity for profit. You can’t deny the genius of the market. And if the ship starts to sink the market will substitute another, better ship, as soon as it is profitable.”
“Sigh. Only when the last mast has snapped, the last plank has broken, and our ship is underwater will you realize that coin will not keep you afloat.”
Adam Smith stands to speak as the ship rocks with the waves.
“The creation of wealth is what matters. If an industrious businessman wants to use available resources to create goods which he can then sell in the market he should be applauded for producing something of value. No one should be allowed to stifle industry.”
“But how can you not see what harm you are causing? By promoting this naked greed you endanger us all. Every day the planks of our ship grow thinner. And for what? So that some baron can collect more of our coin?”
“Tecumseh, you are a simple minded savage. The items for sale in the market today: toothpicks, wooden spoons, hair combs, if they didn’t have more value in that form then nobody would pay for them. The planks, the mast, and the deck boards of the ship must all have less value than the products made from them. The market has decided it is so.”
“This market is destroying the very foundation of our life. Even now the water is knee high in the bilge and rising faster than we can bail it out. We lived in harmony with the ship for years. But ever since you established the market your ‘businessmen’ have been tearing the ship apart. How can we continue to live if the ship is sinking?”
A loud crack as one of the spars snaps sending splinters raining down on the deck. Several well dressed passengers scramble to collect the pieces.
“You see, Tecumseh, even on a collapsing ship there is opportunity for profit. You can’t deny the genius of the market. And if the ship starts to sink the market will substitute another, better ship, as soon as it is profitable.”
“Sigh. Only when the last mast has snapped, the last plank has broken, and our ship is underwater will you realize that coin will not keep you afloat.”