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Acton Commentary: Davos Capitalism: Adam Smith’s Nightmare
Acton Commentary: Davos Capitalism: Adam Smith’s Nightmare
Dec 13, 2025 10:04 AM

Davos capitalism, managerial capitalism run by a transnational elite, has lost faith in free markets. But these technocrats and politicians still believe that they, and only they, possess the solutions that will “fix” global markets. “We have tried the illusory third way — it is called Davos — and it has failed,” Michael Miller writes.

Read mentary over at the Acton Website ment on it here.

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