You've read Smith, and yet you think that it took a shipload of gold to pay a sailor's salary, so he didn't do much good for you, did he?
Wealth of Nations, ever heard of it? I point you to him because he is the ultimate starting place for an understanding of how capitalism works and why it works that way.
If you're an example of one of his students, I pass. You've said irrational things, like gold has no intrinsic value, when clearly the element can be used in industry, let alone jewelry.
Ever heard "invisible hand of the marketplace", that's from Smith.
No thanks. A fool that believes a fool is a bigger fool the the original fool. LOL
Trying to discuss economics and capitalism without a basic understanding of Smith is like trying to discuss the Constitution without a basic understanding of Jefferson. You're unarmed and ill prepared.
Then why are you the one making claims you can't document?