Mixed Economies Rule, Libertarian Capitalism and Communism Both Suck

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The observation by the first renowned philosopher of economics (Adam Smith) that essentially spawned the field was how it is interaction between individual preferences that create group success.

I'm trying to find the point here.

[wufwugy]

I'm trying to find the point here.

The group is better off when the individual takes primacy. This is for a lot of reasons, but a starting point for explaining why is that everybody is an individual, so everybody "takes primacy", and they compete, which makes the cream rise to the top and improve everything for everybody.