I read somewhere, “what has been will be again, what has been done will be done again; there is nothing new under the sun.” I agree. Everything moves in cycles. How the world has moved from pure pursuit of profit to ethical investing and now slowly shifting back towards pursuit of pure profit again is a good example.
You see, in one season the world ran on the essential idea that capitalism’s motive was to make profit. As Adam Smith, the 18th century philosopher and father of modern economics, succinctly put it: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”
