Quote of the day by father of economics Adam Smith: ‘Civil government, so far as it is instituted for the security of property, is in reality…’ – Warning about wealth, power, and society

Adam Smith, the father of modern economics, questioned who governments truly serve. While known for free markets, his writings reveal a deep concern for justice and inequality. A striking quote suggests civil government, in protecting property, often defends the wealthy against the poor. This enduring observation fuels ongoing debates about wealth's influence on political power and policy.

Raccontata daeconomictimes.indiatimes.com