What do you think Adam Smith would think of the capitalist societies today? (regarding his "invisible hand" philosophy)

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Did you know?

Did you know that Adam Smith, an influential economist, coined the concept of the "invisible hand" to explain how market forces can lead to the overall well-being of society? While we cannot definitively say what Smith would think of capitalist societies today, we can speculate based on his philosophy. Smith believed that individuals pursuing their own self-interests in free markets could unintentionally benefit others, allowing society to prosper. Considering this, it's possible that he would appreciate the growth and efficiency achieved by capitalist societies. However, Smith also emphasized the importance of fair competition and avoiding monopolies. He might be concerned about instances where market power is concentrated, potentially hindering the ideal functioning of the invisible hand.