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— Allen W. Wood"In general, those who defend capitalism are basically out of touch with reality."
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Those who see Smith as a defender of capitalism - as it existed in Marx's day, or as it exists today - show above all that they are not living in the real world. They are behaving as though the undeveloped form of capitalism Smith studied is still with us.
— Allen W. Wood
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Smith could not be expected to have anticipated the horrors that were to come. But even in his own time, he was a defender of certain state actions that he thought necessary in order to safeguard the good effects of commercial society (Smith did not speak of 'capitalism' and was acquainted only with an early undeveloped form of it). Among these state actions the chief was general public education.
— Allen W. Wood
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