ll viewed as detrimental to a nation's economic health. This laissez-faire policy of government non-intervention remained popular throughout the Victorian Era and still plays an important part in present-day economic policy. Capitalists, in particular, supported Smith's policies and often twisted his words to justify mistreatment of workers. They suggested that child labor lows maximum working hours, and factory health codes constituted a violation of their rights and Smith's golden rule.
             Adam smith's long term prediction involved the division of labor and specialization in production which leads in more profit and faster product, free domestic and international markets and he believed that capitalists want to make profit and they start the industry. his support of competition remained contingent on the fact that it encouraged economic growth, something Smith felt would benefit all members of society. He proposed that as long as markets grew, an increased demand for labor would prevent owners from exploiting their workers. But he failed to consider that the process of urbanization wouldreak havoc on the labor market, and his optimism about growth seemingly ignored the possibility that capitalists might disproportionately consume the benefits of expansion. The inability of growth to substantially increase general living conditions became the primary concern of Smith's intellectual descen
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