Invisible Hand Best of All Possible Worlds
Best of All Worlds
The invisible hand of capitalism is often used to underpin arguments that the current situation is the best situation. What? You've never heard this response to an economic problems you mention. That's just the free market in operation! The Invisible Hand of Adam Smith. Oh, now you recognize it.
It's the answer to jobs going overseas. It's the answer to high income for CEOs and low income for the rank-and-file. It's especially useful to those who have benefited by the current status quo. Why? Because they don't want the status quo to be changed and the Invisible Hand can be used to shot down any change.
This use of the Invisible Hand has similarities to Freudian psychological. How? If you have a economic shortcoming or a psychological problem, the fault is in you rather than the situation. You didn't have the needed skills; you didn't try hard enough. The meaning of needed skills or try enough is determined by your result. The theory is non-falsifiable.
Now, I must admit that I think there are good nuggets of useful wisdom in both Freudian psychology and Smith's capitalism, but that doesn't mean they are theories that can be applied as encapsulating truth. Only portions and only with caveats and scope restrictions are those nuggets true and useful in application.
This world is not the best of all possible worlds. It is only the best world we've gotten so far.