Tag: Economic History

By Michael Hancock | Commentary, Michael Hancock’s Undercurrent The Forgotten Story of How Marx Turned Freedom into a Vice Adam Smith, the moral philosopher who helped end the slave trade, has been posthumously slandered by the very ideology that claims to speak for the oppressed. In The Wealth of Nations, Smith described what he called a System of Natural Liberty — a moral and economic order in which free people pursue their own interests within the bounds of justice, producing prosperity for all. It was not a celebration of greed; it was an argument for dignity. Yet, over time, this moral vision was stripped of its name, smeared with vice, and relabeled with a single word that Smith himself rarely used: capitalism. That linguistic theft was not accidental. It was strategic. The Mor...