What Adam Smith did not predict nor consider, was a government that was a full participant in the economy with the people "in need" voting en masse against those that are being forced to provide the resources to pay for those needs. He never even imagined a scenario where more than 50% of the voters were not material participants in funding the level of government resources.
That is true because no such government existed at the time where such parameters could exist. Voters were generally only male landowners or free men who met certain conditions. When the vote was expanded, people who had almost no investiture in the function of government or society (industry or agricultural owners) the power shifted as there are always more poor people than rich, and they had less to lose from bad choices.
The second issue was that nobody back then... and I mean NOBODY could have ever envisioned a "kleptocracy" like we have today. We have men of such LOW moral standard, and others who are blithering idiots "handled" into power, and even more who are just representatives of special interests devoted to looting the public coffers! I mean even at the worst days of Parliament when all you got was Fat Torrie Landowners who were mindless bigoted old fools and made MP when they reached a certain weight, surviving on rotten boroughs and gerrymandering, they still could not get away with it because the house of lords stood in their way. Today, we don't have this protection. Both houses are corrupt and doing the same thing for their own people. That's where we sit.
Even the former Russian communists are impressed by our corruption and ability to delude ourselves at the depths of our thievery. To some of them, we're the stuff of legend.
It's a new normal folks. Time for the cows to realize that they actually can take out the wolves just by stomping on them. Don't allow them to rest on the fringe in groups. See them out individually and stomp them with your hooves and superior mass.
That is coming. I think the elitists and their supporters know it too. That's why we see the threads and attacks and propaganda coming out of Washington we do now. That's why people like Glenn Beck is become a modern day Paul Revere and William Penn rolled into one. Sounding the warning and calling people back to God as the rock hard foundation of this nation, so all may be able to stand for the founding morals and ideals of this great nation and stand against her enemies. That is why the hatred for him is reaching homicidal pitch.
2010 is the bell weather. What happens this November may save or sink this nation. For what is to come, we must be careful not to close off the peaceful avenues of change or dam up the desire for change. For if all peaceful routes are closed, and all the desire is blocked off... it will build and build till the pressure breaks through and the only routes left are those of violence. This is what I fear may happen, but I still have hope.
So people need to consider this in their idle or pointed mockery of those who go to tea parties. They are not professional protesters or wild eyed one issue nutters that we are used to. They are your neighbors and your friends. They will not soon forget the slights you have chosen to heap upon them. So when they do come to power, it is best to not have given them good reason to retaliate in kind when you are weak.