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When regulation, therefore, is in favour of the workmen, it is always just and equitable; but it is otherwise when in favour of the masters." He notes how "the law" would "punish" workers' combinations "very severely" while ignoring the masters' combinations ( "if it dealt impartially, it would treat the masters in the same manner" ). [ The Wealth of Nations , p. 88 and p. 129] Thus state intervention was to be opposed in general because the state was run by the few for the few, which...