On Adam Smith

"This book does not treat Smith as an historical curiosity who has accomplished all that he was capable of. It treats Smith as someone with a contemporary message. That capitalism is the dominant political system in the contemporary world is almost without doubt. That capitalism is succeeding, however, is much more contentious. I will argue that Smith would challenge such claims of success. As the standard of living rises in most of the world, few could challenge the notion that vast numbers of people are being left behind. While some countries gorge themselves into obesity, others starve. Furthermore, while the information revolution has made access to recorded knowledge easier than ever, global cultural experience is becoming whitewashed in a money- and media-driven frenzy of homogeneity. Every generation has complained that their successors are intellectually inferior and poorly educated. Sometimes the weaker of us are forced to wonder whether this time it might be true."