According to Kristol what is wrong with the claims of those

According to Kristol, what is wrong with the claims of those who criticize capitalism on the grounds of “social justice”? Explain Kristol’s claim that Adam Smith thought capitalism would result in some benefit for everyone. According to Kristol, what happened to capitalist theory that undercut Smith’s optimistic claims for capitalism? According to Kristol, what is the method used by supporters of social justice to change what they see as the evils of capitalism, and why is this contrary to traditional political liberalism?

Solution

According to Kristol the claims of those who criticize capitalism on the grounds of \"social justice\" so as to be incompatible with capitalism they simply created this term. And in order to contend a different notion of society the term was invented by the critics although capitalism has an idea of justice. Kristol claims that Adam smith thought capitalism takes people to different degrees of advantageous position since it offers equal opportunity for all. Similarly, if you can offer something, you will be benefited by it based on market worth of what you have offered. The novel idea of Smith that the wealthy should help the poor was changed by the modern capitalist, they support social Darwinism which meant that no one should help the poor and thus richest will survive. According to Kristol, in order to change the evils that supporters of social justice see in capitalism, they use government as a way to do it. This is in disagreement with the traditional political liberalism since less prosperity occurs due to government control while as liberalism wants increased prosperity.