Nota Pendek

Basic perceived idea of capitalism is – market economy and profit motive.
Amartya Sen – many capitalist like to quote Adam Smith, but didn’t read Adam Smith’s
Capitalist argue, intervention of gov is bad whereas Adam Smith said intervention of gov is not good
Adam Smith, prudence is the highest quality. Didn’t mention ‘capitalism’ in any of his works. He said yes, based on market, but not solely. Put thing at its place.
While people is not responsible, why self-regulatory economy?
1979, China become more economically liberate. GDP increase, but life expectancy decrease. Must balance
GDP and distributing the GDP is two different things
Conclusion – it’a about principle, not label. Fal ibroh bil musammayat la bil asma’

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