Earlier quoted context omitted.
> This casual cynicism regarding markets is dangerous and infectious because instead of focusing on fixing problems that have solutions via the levers of government, people give up completely and then nothing is ever made better. I don't think this follows, and I think it's because you're missing a piece of what's going on here. You seem to be coming to this from a perspective of " obviously , a healthy system has a…
Agreed. Just a nitpick, when I think of libertarian absolutists, I don't necessarily think about Adam Smith. I haven't read "Wealth of Nations", but I believe he was much more reasonable than an Ayn Rand for example. American style libertarian absolutists are usually not very subtle, sometimes even clownish like she was.
Thing is, he recognized them as theoretical. Too many of the people parroting them think they were meant to be applied directly to the real world, as if we had an actual spherical market cow in a vacuum.