“INVISIBLE HAND” BY ADAM SMITH  AND MODERN MANIFESTATIONS OF CAPITALISM (?!)

Alfred Kuratashvili

Journal number 1 ∘ Alfred Kuratashvili ∘
“INVISIBLE HAND” BY ADAM SMITH AND MODERN MANIFESTATIONS OF CAPITALISM (?!)

Expanded Summary

The scientific work examines modern manifestations of capitalism, the underlying theoretical foundations of which lie in the so-called “Invisible Hand” of Adam Smith, but which (these manifestations) are especially characteristic of some states functioning as a result of fertilization of wild capitalism on the basis of pseudo-socialism.

Special attention in scientific work is paid, first of all, to a fundamentally new understanding of that:

What is capitalism ?!

In particular, in contrast to the traditionally accepted - "classical" - view, according to which an indicator of capitalism is the presence of private property and the market - market relations, according to the author’s scientifically grounded statement, first, private property and market relations are peculiar not only to capitalism, and, secondly, in accordance with the theory of the true essence of capitalism, created by the author of this work, the characteristic feature and essential nature of true capitalism is the domination of society and state - a “purely” economic goal, the domination of money, the market, the profit, of capital over a person, contributing to the robbery and enslavement of the people.

Moreover, the underlying theoretical foundations “whitewashing” the true essence of capitalism lie precisely in the so-called “Invisible Hand” of Adam Smith, for if we are guided by the so-called “Invisible Hand” of the market, then we get an antisocial state that serves the domination of money, market, capital gains over a person - we obtain economic fascism, which is the worst manifestation of the essential nature of true capitalism.

Thus, in spite of the universally accepted recognition of Adam Smith throughout the world, and in spite of his unconditional achievements in economics, along with this, Adam Smith, with his main “scientific” idea of the so-called “Invisible Hand”, according to the author, is in fact not only one of the founders of classical political economy, but also the "scientific" "interpreter" and creator of the scientific foundations of economic fascism

Consequently, classical political economy, which at one time was a great achievement of economic scientific thought, and in the creation of which one of the most important places belongs to Adam Smith, was the political economy of protecting capitalism, and at the same time it was the political economy of protecting economic fascism, because political economy of capitalism is political economy of economic fascism .

As for the question of:

What does “economic fascism” mean ?!

Economic fascism, according to the author’s scientifically grounded statement, is the domination of a “purely” economic goal in society and in the state, it is the domination of money, the market, and the profit of capital over a person.

It should be noted here that modern developed capitalism is mainly characterized by a high standard of living for people, but this is due to the fact that, according to the author, classical capitalism has long outlived itself and the now developed capitalist countries saved themselves through the evolutionary transformation of classical capitalism into social capitalism.

The author especially notes that socio-capitalism, whose theory was created by him earlier and published back in 1990, is a society that, together with the main economic goal of capitalism — money, profit, capital — brings to the forefront and solves social problems, but again as a necessary condition and means for the realization of its essential economic goal.

Although, as it develops, social capitalism, as the author notes, is increasingly moving away from capitalism and gradually moving away from capitalism to a truly human society, with the result that the need to solve social problems is increasingly coming to the fore.

The author also considers and notes that if capitalism serves the interests of the people, then it is no longer capitalism and, accordingly, it should have a different name.

As for the explanation of that:

What is the impregnation of wild capitalism on the basis of pseudo-socialism ?!

This concept, introduced into scientific circulation by the author of this scientific work, is explained by him as the result of a counter-revolutionary coup d'état produced from pseudo-socialism - into wild predatory capitalism, declared by the apologists of capitalism - scientists and politicians - as “moving forward” (?).

It was precisely as a result of wild capitalism fertilization on the basis of pseudo-socialism that the domination of a “purely” economic goal in society and in the state intensified, the domination of money, market, profits, capital over man intensified, which led to the plundering and enslaving of a huge number of people, and that is categorically unacceptable and criminal .

As an example of the manifestation of "purely" economic thinking - as an example, the domination of the "purely" economic goal, manifestations of economic fascism, the author cites the assumption and functioning in the society and in the state of gambling "games" - the so-called "gambling" (obviously criminal) business - for the sake of receiving money, for the sake of getting more and more profit, for the sake of achieving a “purely” economic goal - at the expense of fraudulent robbery and the destruction of a huge number of people.

The same example, as the author rightly claims, is the fraudulent imposition of microloans on people via mobile phones, via the Internet, through television and through other advertising frauds, because these are the same criminal acts as gambling under the “mask” of “business” - as a manifestation of economic fascism, as a manifestation of a variety of repressions of the people, as a manifestation of the criminal "business", as a manifestation of the genocide of the people, as a manifestation of a crime against humanity.

Solving the above problems, according to the author’s well-founded statement, is possible only on the basis of fundamentally new scientific directions and fundamentally new scientific Theories created by him – on the basis of the Philosophy of the social goal, on the basis of the Theory of the Supremacy of Interests of the People and on the basis of the Theory of balance of rights and responsibility of officials.

EKONOMISTI The international scientific and analytical, reviewed, printing and electronic journal of Paata Gugushvili Institute of Economics of Ivane Javakhishvili Tbilisi State University

DOI: 10.36172/EKONOMISTI E ISSN 2346-8432 Print ISSN 1987-6890	Journal number 1 ∘ Alfred Kuratashvili ∘ “INVISIBLE HAND” BY ADAM SMITH AND MODERN MANIFESTATIONS OF CAPITALISM (?!) Expanded Summary The scientific work examines modern manifestations of capitalism, the underlying theoretical foundations of which lie in the so-called “Invisible Hand” of Adam Smith, but which (these manifestations) are especially characteristic of some states functioning as a result of fertilization of wild capitalism on the basis of pseudo-socialism. Special attention in scientific work is paid, first of all, to a fundamentally new understanding of that: What is capitalism ?! In particular, in contrast to the traditionally accepted - "classical" - view, according to which an indicator of capitalism is the presence of private property and the market - market relations, according to the author’s scientifically grounded statement, first, private property and market relations are peculiar not only to capitalism, and, secondly, in accordance with the theory of the true essence of capitalism, created by the author of this work, the characteristic feature and essential nature of true capitalism is the domination of society and state - a “purely” economic goal, the domination of money, the market, the profit, of capital over a person, contributing to the robbery and enslavement of the people. Moreover, the underlying theoretical foundations “whitewashing” the true essence of capitalism lie precisely in the so-called “Invisible Hand” of Adam Smith, for if we are guided by the so-called “Invisible Hand” of the market, then we get an antisocial state that serves the domination of money, market, capital gains over a person - we obtain economic fascism, which is the worst manifestation of the essential nature of true capitalism. Thus, in spite of the universally accepted recognition of Adam Smith throughout the world, and in spite of his unconditional achievements in economics, along with this, Adam Smith, with his main “scientific” idea of the so-called “Invisible Hand”, according to the author, is in fact not only one of the founders of classical political economy, but also the "scientific" "interpreter" and creator of the scientific foundations of economic fascism Consequently, classical political economy, which at one time was a great achievement of economic scientific thought, and in the creation of which one of the most important places belongs to Adam Smith, was the political economy of protecting capitalism, and at the same time it was the political economy of protecting economic fascism, because political economy of capitalism is political economy of economic fascism . As for the question of: What does “economic fascism” mean ?! Economic fascism, according to the author’s scientifically grounded statement, is the domination of a “purely” economic goal in society and in the state, it is the domination of money, the market, and the profit of capital over a person. It should be noted here that modern developed capitalism is mainly characterized by a high standard of living for people, but this is due to the fact that, according to the author, classical capitalism has long outlived itself and the now developed capitalist countries saved themselves through the evolutionary transformation of classical capitalism into social capitalism. The author especially notes that socio-capitalism, whose theory was created by him earlier and published back in 1990, is a society that, together with the main economic goal of capitalism — money, profit, capital — brings to the forefront and solves social problems, but again as a necessary condition and means for the realization of its essential economic goal. Although, as it develops, social capitalism, as the author notes, is increasingly moving away from capitalism and gradually moving away from capitalism to a truly human society, with the result that the need to solve social problems is increasingly coming to the fore. The author also considers and notes that if capitalism serves the interests of the people, then it is no longer capitalism and, accordingly, it should have a different name. As for the explanation of that: What is the impregnation of wild capitalism on the basis of pseudo-socialism ?! This concept, introduced into scientific circulation by the author of this scientific work, is explained by him as the result of a counter-revolutionary coup d'état produced from pseudo-socialism - into wild predatory capitalism, declared by the apologists of capitalism - scientists and politicians - as “moving forward” (?). It was precisely as a result of wild capitalism fertilization on the basis of pseudo-socialism that the domination of a “purely” economic goal in society and in the state intensified, the domination of money, market, profits, capital over man intensified, which led to the plundering and enslaving of a huge number of people, and that is categorically unacceptable and criminal . As an example of the manifestation of "purely" economic thinking - as an example, the domination of the "purely" economic goal, manifestations of economic fascism, the author cites the assumption and functioning in the society and in the state of gambling "games" - the so-called "gambling" (obviously criminal) business - for the sake of receiving money, for the sake of getting more and more profit, for the sake of achieving a “purely” economic goal - at the expense of fraudulent robbery and the destruction of a huge number of people. The same example, as the author rightly claims, is the fraudulent imposition of microloans on people via mobile phones, via the Internet, through television and through other advertising frauds, because these are the same criminal acts as gambling under the “mask” of “business” - as a manifestation of economic fascism, as a manifestation of a variety of repressions of the people, as a manifestation of the criminal "business", as a manifestation of the genocide of the people, as a manifestation of a crime against humanity. Solving the above problems, according to the author’s well-founded statement, is possible only on the basis of fundamentally new scientific directions and fundamentally new scientific Theories created by him – on the basis of the Philosophy of the social goal, on the basis of the Theory of the Supremacy of Interests of the People and on the basis of the Theory of balance of rights and responsibility of officials.