All that is true; but it evades the obvious conditions we have inherited.

For even when the psychological inadequacies of Smith's attitude are put aside, we can judge his theory in the light of the experience it summarizes.

Once it is admitted that the object of the State is the achievement of the good life, the final canon of politics is bound to be a moral one.

We have to inquire into the dominant conception of the good life, the number of those upon whom it is intended that good shall be conferred.
In the light of this conception it is obvious enough that Smith's view is impossible.

No mere conflict of private interests, however pure in motive, seems able to achieve a harmony of interest between the members of the State.