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THE POET AS SCIENTIST

THE POET AS SCIENTIST, THE POET AS SCIENTIST

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The Geek's Raven
[An excerpt, with thanks to Marcus Bales]

Once upon a midnight dreary,
fingers cramped and vision bleary,
System manuals piled high and wasted paper on the floor,
Longing for the warmth of bedsheets,
Still I sat there, doing spreadsheets:
Having reached the bottom line,
I took a floppy from the drawer.
Typing with a steady hand, I then invoked the SAVE command
But got instead a reprimand: it read "Abort, Retry, Ignore".

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Friday, September 18, 2026

Why did Adam Smith decide to try to whitewash capitalism?

Why did Adam Smith decide to whitewash capitalism?  Why did he insist in The Wealth of Nations that capitalism was the enemy of slavery, when capitalism itself developed specifically because of slavery!? It was the slave plantations in the New World that provided the world's first opportunity for entrepreneurs to make a fortune very quickly indeed, in sugar, tobacco or cotton!  It was this capacity to generate enormous wealth very quickly that got governments interested in fostering and developing corporations and monopolies to transport slaves from Africa to man these highly profitable plantations, so said governments could generate tax revenue and wealth from them.  Black African slaves were the backbone and sinews of the world's first great capitalist corporations, and that generated their wealth. Black Africans were the perfect source of extremely cheap and controllable labor for these huge agricultural factories. They were in most cases sold from slavery in Africa itself, so, their condition was an accustomed one they were less likely to rebel against.  They were accustomed to tropical diseases, so much more likely to survive in the tropical climates necessary for cotton, tobacco and sugar plantations.  And, finally, their complexions made it much harder for them to escape from slavery and blend into the broader population. So, all this open available land for the development of agricultural factories, combined with cheap black African slave labor, was an astonishing money generator for the imperial nations of Europe.  Capital was generated, and could be used and exploited like never before. And this changed the entire attitude of governments to wealth, power and social control in general.  People should be encouraged to generate wealth, so the government could tax wealth, and use wealth. Now, with the development of new technologies, specifically with the industrial revolution of the eighteenth and nineteenth centuries, possibilities for mass production extended well beyond the tropical plantations.  And, these opportunities were not necessarily ideally suited for black African slaves.  Quite aside from the awkwardness of transporting and and controlling African slaves, these new industrial opportunities were varied, might require education and skills, and could provide opportunities for advancement and wealth generation themselves.  So, governments shifted their approach from slave exploitation to generate capital, to more general exploitation, control and training of the population as a whole to generate wealth. So, what Adam Smith is really trying to rather hypocritically do, is present this new form of exploitation, as the ultimate social virtue, and the rejection of conventional slavery not as a practical necessity, but as some kind of universal virtue!  Thus, the phrase "making a virtue of necessity". Now, this gets us to Adam Smith's much quoted and abused and exaggerated concept of the invisible hand, the suggestion that capitalism can do no harm, and always magically does good!  What a joke!  This ridiculous concept is so absurd, that it's hard to discuss it with a straight face.  Like, no one trying to make money ever did any harm, at all! Adam Smith was a consummate liar and hypocrite, scrambling with every fiber of his being to generate propaganda to whitewash greed and stupidity and destruction with his nonsense about an "invisible hand".  If there is any invisible hand of capitalism, it is a greedy, and grasping, malicious hand, and it is covered in blood, when we ever see it! #adamsmith #thewealthofnations #invisiblehand #capitalism #hypocrisy #history #philosophy #philosophyofhistory #historyofphilosophy #americanrevolution #industrialrevolution #britishhistory #ushistory #economics #slavery #classwar #africanhistory #moralphilosophy #morality #civilwar #propaganda #ethics #disinformation #communism #socialism #politicalscience

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