The evidence supports laissez-faire capitalism. The excerpt highlights how, despite their selfishness, the rich unintentionally contribute to the common good and promote societal interests through their consumption and distribution practices, which aligns with the principles of laissez-faire capitalism where markets operate with minimal government intervention.
Use the excerpt to answer the question.
“[The rich] consume little more than the poor, and in spite of their natural selfishness and rapacity . . . they divide with the poor the produce of all their improvements. They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species.”
What economic system does the evidence support? (1 point)
(1 point)
Responses
mercantilism
mercantilism
laissez-faire capitalism
laissez-faire capitalism
utopian socialism
utopian socialism
communism
1 answer