While Smith may be rightfully invoked against some of the modern arguments in favor of intervention, as does White,

one must be wary of overuse. Our author notes at least one exception to Smith’s support for capitalism: public goods. In cases where the market cannot guarantee the existence of competition — as disputed as these are — Smith may have readily supported interventionism. During his time, he may not have recognized a great many examples (although, Smith did argue in favor of various forms of interventionism

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