Those who see Smith as a defender of capitalism - as it existed in Marx's day, or as it exists today - show above all that they are not living in the real world. They are behaving as though the undeveloped form of capitalism Smith studied is still with us.
Allen W. WoodWhen people think that moral problems can be solved by some simple strategy of calculation, that sets them up for ghastly overreaching. They think they can turn everything into a "science" the way mechanics was turned into a science in the seventeeth century. They want to turn everything over to technocrats and social engineers. They become shortsighted or simplistic about their ends, and they disastrously overestimate their ability to acquire the information they need to make the needed calculations.
Allen W. WoodMany who are committed to reason and science have turned against religion altogether and treat it with fear and contempt.
Allen W. WoodI don't think Kant's theory looks bad to people except insofar as they have misunderstood it (for instance, as heartless and ironheaded, or as committed to an absurd metaphysical conception of freedom that violates Kant's own philosophy).
Allen W. WoodSmith could not be expected to have anticipated the horrors that were to come. But even in his own time, he was a defender of certain state actions that he thought necessary in order to safeguard the good effects of commercial society (Smith did not speak of 'capitalism' and was acquainted only with an early undeveloped form of it). Among these state actions the chief was general public education.
Allen W. Wood