Adam Smith saw shopkeepers as deserving to influence government. “To found a great empire for the sole purpose of raising up a people of customers may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers; but extremely fit for a nation whose government is influenced by shopkeepers.” But he also had a big problem with monopolies: :“The monopolists, by keeping the market constantly under-stocked, by never fully supplying the effectual demand, sell their commodities much above the natural price…” The price “is upon every occasion the highest which can be squeezed out of the buyers.”

Adam Smith saw shopkeepers as deserving to influence government.
“To found a great empire for the sole purpose of raising up a people of customers may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers; but extremely fit for a nation whose government is influenced by shopkeepers.”
But he also had a big problem with monopolies:
:“The monopolists, by keeping the market constantly under-stocked, by never fully supplying the effectual demand, sell their commodities much above the natural price…” The price “is upon every occasion the highest which can be squeezed out of the buyers.”

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