Question

Use the following excerpt from Wealth Of Nations to answer the question below:

The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.

Source: An Inquiry into the Nature and Causes of the Wealth of Nations

How does the view expressed in this excerpt compare with communist ideology?

A. Supports communist ideology
B. Opposes communist ideology

Answer 1

The view expressed in The Wealth of Nations excerpt opposes communist ideology as it advocates for individuals to make their own economic decisions.

Step-by-step explanation:

The view expressed in The Wealth of Nations excerpt opposes communist ideology. Adam Smith, the author of The Wealth of Nations, argues against the idea of a central authority directing private individuals on how to employ their capitals. He emphasizes the importance of individuals making their own economic decisions, guided by their self-interests and the concept of the 'invisible hand' of the marketplace.