Wednesday, May 2, 2018

Profit and Sympathy

Unresolved by subsequent scholars has been the relation between Smith's earlier espousal of Sympathy and his later exhorting to Selfishness.  Now, his attribution to his Invisible Hand of what has since come to be known as 'trickle-down' distribution of wealth, i. e. a correction to any concentration of wealth, suggests a projection of Sympathy into that purported force.  However, that projection is undermined by one of the consequences of Profit that he does not seem to consider--that it entails loss elsewhere.  Thus, he does not consider that Self-Interest entails the possibility of the suffering of others, thereby burdening Sympathy well beyond the function of mere compensation for indifference.

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