by UBS

Relearning the rules of Adam Smith

Many of the core ideas behind Adam Smith’s vision of capitalism are being ignored.

Gillian Tett, the FT’s US managing editor, argues that four basic concepts need to be relearned if we are going to replace the opaque and exclusive system modern finance has created.

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FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


FT Transact turns a spotlight on the future of capital, exploring what’s driving transactional transformation - from trends in ecommerce, fintech and ESG investing, to the corporate innovators working to build the future of finance. This multimedia series alternates between independent reporting from FT journalists and expert commentary from UBS