Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
Adam SmithRead
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Interpretation
The quote critiques the idea of landlords profiting from property they did not cultivate or develop.
Adam Smith's quote highlights the issue of land ownership and the ensuing economic implications. It suggests that when land becomes privatized, those who own it can exploit it for profit without contributing to its cultivation or improvement, which raises questions about fairness in economic systems and the ethics of wealth generation in relation to labor and natural resources.
In practice
In a discussion about economic inequalities, one might reference this quote to illustrate the exploitative nature of land rent.
Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Wherever there is great property, there is great inequality.
This is one of those cases in which the imagination is baffled by the facts.
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Defense is superior to opulence.
The market economy-capitalism-is a social system of consumers' supremacy.
Government control of the economy, no matter in whose behalf, has been the source of all the evils in our industrial society -- and the solution is laissez-faire capitalism, i.e., the abolition of any and all forms of intervention in production and trade, the separation of State and Economics, in the same way and for the same reasons as the separation of Church and State.
Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.
I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.
No government can give a selective advantage to a specific company, because that would make competition unfair.
Markets can influence the events that they anticipate.
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