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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
allen w. wood Quotes Horror,Effects,Capitalism

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Allen W. Wood
Horror
Effects
Capitalism
General Public
Expected
Public Education
Defenders

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In general, those who defend capitalism are basically out of touch with reality.

— Allen W. Wood

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Marx's own illusion was to think that the working class movement, which he devoted his life to creating and strengthening, would both be socially and politically successful in the industrial nations of Western Europe, and that it would develop an entirely new way of human social life that would retain and even enhance the productive benefits of capitalism while overcoming the inhumanity and exploitation of capitalist social relations. Marx himself had no solutions to these problems. His object of study was capitalism itself.

— Allen W. Wood

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