RE: https://masto.ai/@GhostOnTheHalfShell/115797799802446413
REMINDER
Adam Smith was a professor of Moral Philosophy. "The Wealth of Nations" is not about financial economics. it is about the seismic changes in the POLITICAL ECONOMY of Europe, after colonization of the Américas and the Transatlantic African Slave Trade.
Smith saw how BANKS & TRADING COMPANIES were becoming wealthier than kings and queens and understood them as a threat to nation-states.
Smith wrote a defense of curtailing the power of capitalists to protect the wealth of nations.
