Most f the ideology supporting laissez faire capitalism is based on Adam Smith's THE WEALTH OF NATIONS. The key underpinning of


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Most f the ideology supporting laissez faire capitalism is based on Adam Smith's THE WEALTH OF NATIONS. The key underpinning of both the book and the ideology is the assertion that man is a rational actor acting in in the marketplace his own best interests.

That assertion is a false assumption. The primary motivating factors in the marketplace are greed, herd instinct, and fear -- none of which are rational. That makes the whole ideology fallacious