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Are there any reasons why Smiths analysis of capitalism is NOT a useful source of arguments in favor of the free-market system?

Are there any reasons why Smiths analysis of capitalism is NOT a useful source of arguments in favor of the free-market system?
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Are there any reasons why Smiths analysis of capitalism is NOT a useful source of arguments in favor of the free-market system?

User Zoltan Altfatter
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For smith, "free-marketing" was governed by the visible Hand of divine providence which ensured that it would contribute to moral good. 
User Rohit Chaudhari
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